Palisade Asset Management LLC Purchases 42,047 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Palisade Asset Management LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 348.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,115 shares of the semiconductor company’s stock after acquiring an additional 42,047 shares during the period. Palisade Asset Management LLC’s holdings in Texas Instruments were worth $9,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annapolis Financial Services LLC lifted its holdings in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,969 shares of company stock worth $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock traded up $1.28 during mid-day trading on Wednesday, hitting $183.95. The company had a trading volume of 4,196,142 shares, compared to its average volume of 5,634,546. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock’s 50 day moving average price is $171.38 and its 200-day moving average price is $163.58. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a market capitalization of $167.48 billion, a P/E ratio of 28.34, a P/E/G ratio of 3.81 and a beta of 1.01.

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

Texas Instruments Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Robert W. Baird increased their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Barclays reduced their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $180.74.

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.