Svenska Handelsbanken AB publ Invests $16.04 Million in Texas Instruments Incorporated (NASDAQ:TXN)

Svenska Handelsbanken AB publ bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 92,081 shares of the semiconductor company’s stock, valued at approximately $16,041,000. Texas Instruments comprises 5.1% of Svenska Handelsbanken AB publ’s holdings, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted its holdings in Texas Instruments by 20.4% in the third quarter. Federated Hermes Inc. now owns 10,262 shares of the semiconductor company’s stock valued at $1,632,000 after acquiring an additional 1,739 shares during the period. Truist Financial Corp grew its position in shares of Texas Instruments by 8.3% during the 3rd quarter. Truist Financial Corp now owns 335,395 shares of the semiconductor company’s stock valued at $53,331,000 after acquiring an additional 25,838 shares during the period. AXQ Capital LP increased its stake in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Texas Instruments by 6.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,233 shares of the semiconductor company’s stock worth $1,468,000 after purchasing an additional 560 shares during the period. Finally, Legacy Advisors LLC boosted its position in Texas Instruments by 14.9% during the third quarter. Legacy Advisors LLC now owns 12,905 shares of the semiconductor company’s stock worth $2,052,000 after purchasing an additional 1,675 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TXN. Cantor Fitzgerald upped their target price on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Mizuho upped their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Citigroup raised their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Robert W. Baird boosted their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Insider Buying and Selling at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last 90 days. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Up 0.3 %

NASDAQ:TXN traded up $0.52 on Wednesday, hitting $198.94. The stock had a trading volume of 2,454,704 shares, compared to its average volume of 5,520,141. The company has a fifty day moving average price of $191.54 and a two-hundred day moving average price of $175.77. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $181.13 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.21 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.61%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments Company Profile

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.