Olstein Capital Management L.P. Boosts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Olstein Capital Management L.P. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,500 shares of the semiconductor company’s stock after buying an additional 1,000 shares during the period. Olstein Capital Management L.P.’s holdings in Texas Instruments were worth $4,031,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TXN. Susquehanna Fundamental Investments LLC grew its holdings in Texas Instruments by 83.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock worth $16,303,000 after acquiring an additional 38,122 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Texas Instruments by 17.9% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,030 shares of the semiconductor company’s stock worth $979,000 after purchasing an additional 765 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Texas Instruments during the second quarter worth $259,000. Ascent Group LLC increased its holdings in Texas Instruments by 3.5% in the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock valued at $475,000 after buying an additional 83 shares during the last quarter. Finally, Creative Planning raised its stake in Texas Instruments by 12.5% in the second quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock valued at $38,331,000 after buying an additional 21,946 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Susquehanna lowered their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Bank of America dropped their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley increased their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $185.52 on Friday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company’s fifty day moving average is $193.38 and its two-hundred day moving average is $199.46.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period in the prior year, the company earned $1.49 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.