White Pine Capital LLC Buys 74 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

White Pine Capital LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,938 shares of the semiconductor company’s stock after buying an additional 74 shares during the period. White Pine Capital LLC’s holdings in Texas Instruments were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley boosted its holdings in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System boosted its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after purchasing an additional 1,439,066 shares during the period. Baillie Gifford & Co. boosted its holdings in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Texas Instruments in the 3rd quarter valued at about $196,135,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.3 %

Shares of NASDAQ:TXN traded up $2.23 during trading on Friday, reaching $177.48. The stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The firm’s fifty day moving average is $169.29 and its 200 day moving average is $162.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.79 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXN. Benchmark reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a report on Wednesday. Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Susquehanna upped their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $180.74.

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.