Chevy Chase Trust Holdings LLC Has $87.33 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Chevy Chase Trust Holdings LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 0.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 564,249 shares of the semiconductor company’s stock after acquiring an additional 1,042 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Texas Instruments were worth $87,334,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Enterprise Trust & Investment Co bought a new stake in Texas Instruments during the 2nd quarter worth $25,000. Endurance Wealth Management Inc. bought a new stake in Texas Instruments during the 3rd quarter worth $26,000. SJS Investment Consulting Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $27,000. Steward Financial Group LLC grew its position in shares of Texas Instruments by 205.6% in the 2nd quarter. Steward Financial Group LLC now owns 217 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 146 shares during the last quarter. Finally, Beacon Capital Management LLC grew its position in shares of Texas Instruments by 34.5% in the 3rd quarter. Beacon Capital Management LLC now owns 234 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $176.00 on Wednesday. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $159.73 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02. The stock has a 50 day moving average of $172.92 and a 200 day moving average of $168.62. Texas Instruments Incorporated has a 12 month low of $144.46 and a 12 month high of $191.34.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 9.23 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 51.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXN shares. Truist Financial upped their price target on Texas Instruments from $158.00 to $177.00 and gave the company a “hold” rating in a research report on Monday. Mizuho upped their price target on Texas Instruments from $159.00 to $165.00 in a research report on Wednesday. Benchmark upped their target price on Texas Instruments from $189.00 to $203.00 in a research report on Wednesday. Cowen upped their target price on Texas Instruments from $160.00 to $175.00 in a research report on Wednesday. Finally, Citigroup upped their target price on Texas Instruments from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $179.63.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares of the company’s stock, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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