Texas Instruments Incorporated (NASDAQ:TXN) Shares Purchased by Renasant Bank

Renasant Bank raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,827 shares of the semiconductor company’s stock after buying an additional 86 shares during the quarter. Renasant Bank’s holdings in Texas Instruments were worth $530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 11.6% in the fourth 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 during the period. Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after buying an additional 487,892 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Texas Instruments by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock worth $1,605,861,000 after buying an additional 124,712 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last quarter. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of several research analyst reports. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of 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. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN stock opened at $173.60 on Friday. The firm has a market cap of $157.96 billion, a P/E ratio of 33.45, a PEG ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock’s 50-day moving average is $188.89 and its two-hundred day moving average is $196.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $1.49 EPS. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.13%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.