Russell Investments Group Ltd. Has $123.75 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Russell Investments Group Ltd. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 725,220 shares of the semiconductor company’s stock after purchasing an additional 57,574 shares during the quarter. Russell Investments Group Ltd.’s holdings in Texas Instruments were worth $123,753,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TXN. Annapolis Financial Services LLC lifted its position in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter valued at about $26,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments in the 3rd quarter valued at about $32,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded up $2.23 during mid-day trading on Friday, reaching $177.48. The company’s stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The firm’s fifty day moving average price is $169.29 and its two-hundred day moving average price is $162.22.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm earned $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments Incorporated will post 5.2 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXN shares. Robert W. Baird raised their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Evercore ISI increased their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a research note on Wednesday. Three equities 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.com, the company currently has an average rating of “Hold” and an average price target 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.