Carnegie Investment Counsel raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 253.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,399 shares of the semiconductor company's stock after acquiring an additional 3,870 shares during the quarter. Carnegie Investment Counsel's holdings in Texas Instruments were worth $1,012,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cahill Financial Advisors Inc. increased its position in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after buying an additional 49 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after purchasing an additional 50 shares in the last quarter. Lansing Street Advisors grew its position in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 51 shares during the period. NorthCrest Asset Manangement LLC increased its stake in shares of Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC raised its position in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock worth $376,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.
In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.
Shares of NASDAQ TXN traded up $5.05 during mid-day trading on Friday, hitting $192.42. The company had a trading volume of 5,388,038 shares, compared to its average volume of 4,167,320. The business's 50-day simple moving average is $194.79 and its 200 day simple moving average is $199.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a market capitalization of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.
TXN has been the topic of several research reports. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. 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. Benchmark reaffirmed a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $209.71.
Read Our Latest Stock Analysis on TXN
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.
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