Cullen Frost Bankers Inc. Purchases 3,864 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cullen Frost Bankers Inc. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,282 shares of the semiconductor company’s stock after acquiring an additional 3,864 shares during the period. Cullen Frost Bankers Inc.’s holdings in Texas Instruments were worth $21,526,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Value Partners Investments Inc. grew its stake in shares of Texas Instruments by 24.1% during the third quarter. Value Partners Investments Inc. now owns 1,926 shares of the semiconductor company’s stock valued at $308,000 after buying an additional 374 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Texas Instruments by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,563,680 shares of the semiconductor company’s stock worth $248,641,000 after acquiring an additional 164,086 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its stake in Texas Instruments by 2.9% in the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 8,174 shares of the semiconductor company’s stock worth $1,300,000 after purchasing an additional 230 shares during the period. Kanawha Capital Management LLC lifted its position in Texas Instruments by 10.6% in the third quarter. Kanawha Capital Management LLC now owns 27,536 shares of the semiconductor company’s stock valued at $4,378,000 after purchasing an additional 2,641 shares during the last quarter. Finally, NBT Bank N A NY grew its holdings in shares of Texas Instruments by 370.9% in the third quarter. NBT Bank N A NY now owns 11,213 shares of the semiconductor company’s stock worth $1,783,000 after purchasing an additional 8,832 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Benchmark reissued a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Up 0.6 %

NASDAQ TXN traded up $1.00 during mid-day trading on Tuesday, reaching $182.67. The stock had a trading volume of 5,152,711 shares, compared to its average volume of 5,667,921. The stock has a market cap of $166.32 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company has a fifty day moving average price of $171.38 and a 200 day moving average price of $163.58.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.85%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’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 transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 over the last quarter. Company insiders own 0.68% of the company’s stock.

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.