Legal Advantage Investments Inc. Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Legal Advantage Investments Inc. grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 23.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,236 shares of the semiconductor company’s stock after acquiring an additional 236 shares during the period. Legal Advantage Investments Inc.’s holdings in Texas Instruments were worth $232,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Geode Capital Management LLC boosted its stake in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after buying an additional 487,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after acquiring an additional 782,053 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Texas Instruments by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after acquiring an additional 36,441 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after acquiring an additional 64,067 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $210.45.

Texas Instruments Price Performance

TXN opened at $192.42 on Tuesday. The company has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a PEG ratio of 3.74 and a beta of 0.98. The company has a 50-day moving average of $194.79 and a 200-day moving average of $199.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% 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.