Guinness Atkinson Asset Management Inc Acquires 1,014 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Guinness Atkinson Asset Management Inc grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,345 shares of the semiconductor company’s stock after purchasing an additional 1,014 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Texas Instruments were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC lifted its position in Texas Instruments by 5.9% during the 2nd quarter. Intech Investment Management LLC now owns 23,106 shares of the semiconductor company’s stock worth $4,495,000 after acquiring an additional 1,289 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Texas Instruments by 24.7% during the 2nd quarter. AE Wealth Management LLC now owns 34,225 shares of the semiconductor company’s stock worth $6,658,000 after purchasing an additional 6,774 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Texas Instruments by 3.0% during the 2nd quarter. Pacer Advisors Inc. now owns 108,216 shares of the semiconductor company’s stock valued at $21,051,000 after purchasing an additional 3,178 shares during the period. Thrivent Financial for Lutherans grew its holdings in Texas Instruments by 25.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 73,210 shares of the semiconductor company’s stock valued at $14,241,000 after buying an additional 14,828 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Texas Instruments by 2.3% during the second quarter. Summit Trail Advisors LLC now owns 6,294 shares of the semiconductor company’s stock worth $1,224,000 after buying an additional 142 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Barclays reduced their target price on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.45.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was 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 in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company’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 completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 2.7 %

TXN opened at $192.42 on Monday. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The stock has a market capitalization of $175.53 billion, a PE ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $194.79 and a two-hundred day moving average price of $199.65.

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

Texas Instruments Announces Dividend

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

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.