Spinnaker Trust Purchases 1,857 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Spinnaker Trust increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,496 shares of the semiconductor company’s stock after buying an additional 1,857 shares during the quarter. Spinnaker Trust’s holdings in Texas Instruments were worth $8,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after purchasing an additional 839,964 shares in the last quarter. Morgan Stanley increased its stake in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the period. Northern Trust Corp grew its stake in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after acquiring an additional 315,302 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXN. Truist Financial boosted their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of Texas Instruments stock traded up $2.23 during trading hours on Friday, hitting $177.48. 5,401,537 shares of the company’s stock traded hands, compared to its average volume of 5,707,532. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a market cap of $161.52 billion, a PE ratio of 27.69, a PEG ratio of 3.77 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $169.29 and a 200-day simple moving average of $162.22.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm earned $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s payout ratio is currently 81.12%.

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.