Norris Perne & French LLP MI Buys 885 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Norris Perne & French LLP MI lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,600 shares of the semiconductor company’s stock after buying an additional 885 shares during the quarter. Texas Instruments comprises 1.3% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 29th biggest position. Norris Perne & French LLP MI’s holdings in Texas Instruments were worth $18,745,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares in the last quarter. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. lifted its stake in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares in the last quarter. Finally, Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth approximately $1,649,592,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TXN. Jefferies Financial Group cut shares of Texas Instruments from a “buy” rating to a “hold” rating and lowered their target price for the stock from $200.00 to $175.00 in a research note on Monday, May 13th. Susquehanna raised their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Robert W. Baird raised their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.43.

Insider Activity at Texas Instruments

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

Texas Instruments Stock Performance

Shares of TXN stock traded up $1.10 during trading hours on Friday, reaching $194.53. The company had a trading volume of 8,860,990 shares, compared to its average volume of 4,647,702. The business has a fifty day moving average price of $190.26 and a 200-day moving average price of $175.16. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The firm has a market cap of $177.12 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 4.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced 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 net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 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.