Victory Capital Management Inc. Buys 124,625 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Victory Capital Management Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,160,252 shares of the semiconductor company’s stock after purchasing an additional 124,625 shares during the quarter. Victory Capital Management Inc. owned 0.13% of Texas Instruments worth $217,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter valued at $28,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $28,000. Finally, Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.2 %

TXN opened at $194.84 on Wednesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The stock has a fifty day moving average price of $189.62 and a 200-day moving average price of $197.60. The firm has a market cap of $177.37 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the firm earned $1.49 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.79%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TXN shares. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments 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.