Clifford Swan Investment Counsel LLC Purchases 968 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Clifford Swan Investment Counsel LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,137 shares of the semiconductor company’s stock after buying an additional 968 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Texas Instruments were worth $7,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TXN. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after buying an additional 839,964 shares during the last quarter. Morgan Stanley lifted its holdings in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the period. Northern Trust Corp boosted its stake in Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after acquiring an additional 315,302 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $3.11 during midday trading on Friday, hitting $178.91. The stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The company’s 50-day moving average price is $170.68 and its 200-day moving average price is $163.12. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.91%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TXN. KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TD Cowen lifted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Evercore ISI raised their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $180.74.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 228,529 shares of company stock valued at $40,502,458 in the last ninety days. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.