Mawer Investment Management Ltd. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,219 shares of the semiconductor company’s stock after selling 410 shares during the period. Mawer Investment Management Ltd.’s holdings in Texas Instruments were worth $41,725,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. SeaCrest Wealth Management LLC grew its holdings in Texas Instruments by 0.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,271 shares of the semiconductor company’s stock valued at $2,506,000 after purchasing an additional 69 shares during the period. Bay Harbor Wealth Management LLC grew its holdings in Texas Instruments by 32.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 1,533 shares of the semiconductor company’s stock valued at $252,000 after purchasing an additional 378 shares during the period. Blair William & Co. IL boosted its stake in shares of Texas Instruments by 4.7% in the fourth quarter. Blair William & Co. IL now owns 316,133 shares of the semiconductor company’s stock worth $51,887,000 after acquiring an additional 14,159 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $968,000. Finally, OmniStar Financial Group Inc. boosted its stake in shares of Texas Instruments by 47.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 12,396 shares of the semiconductor company’s stock worth $2,035,000 after acquiring an additional 3,988 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on Texas Instruments from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 21st. Barclays boosted their price objective on Texas Instruments from $140.00 to $155.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $162.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 27th. Mizuho boosted their price objective on Texas Instruments from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 27th. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, January 27th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $165.71.
Shares of TXN stock traded up $0.31 on Tuesday, hitting $173.40. The stock had a trading volume of 135,537 shares, compared to its average volume of 4,608,027. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.24 and a quick ratio of 3.29. The firm has a market capitalization of $159.57 billion, a P/E ratio of 32.72, a P/E/G ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a 1 year low of $93.09 and a 1 year high of $181.80. The company’s 50 day moving average price is $172.20 and its 200-day moving average price is $155.35.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 25th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.30. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $1.11 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 8th. Investors of record on Monday, February 1st were paid a dividend of $1.02 per share. The ex-dividend date was Friday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.35%. Texas Instruments’s payout ratio is 77.86%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
Further Reading: Why is the Consumer Price Index (CPI) important?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.