Fiduciary Trust Co Acquires 6,608 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fiduciary Trust Co lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,270 shares of the semiconductor company’s stock after acquiring an additional 6,608 shares during the period. Fiduciary Trust Co’s holdings in Texas Instruments were worth $8,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TXN. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after purchasing an additional 649,620 shares during the period. Geode Capital Management LLC raised its position in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock valued at $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Norges Bank purchased a new stake in Texas Instruments in the fourth quarter worth $2,584,490,000. Finally, Alliancebernstein L.P. increased its stake in shares of Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock valued at $2,382,684,000 after purchasing an additional 822,797 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Seaport Res Ptn upgraded Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Cantor Fitzgerald lowered their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $189.41.

Texas Instruments Stock Performance

TXN opened at $165.60 on Friday. The stock has a market cap of $150.44 billion, a P/E ratio of 31.91, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a fifty day moving average price of $167.75 and a 200 day moving average price of $185.37. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.29%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio is currently 103.23%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,065 shares of company stock worth $59,734,685 over the last three months. Insiders own 0.57% of the company’s stock.

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.