Saxon Interests Inc. Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Saxon Interests Inc. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 87.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,587 shares of the semiconductor company’s stock after selling 11,453 shares during the period. Saxon Interests Inc.’s holdings in Texas Instruments were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.5% in 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 in the last quarter. State Street Corp boosted its stake in Texas Instruments by 0.3% during the second quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock worth $6,828,362,000 after buying an additional 112,156 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after buying an additional 839,964 shares in the last quarter. Morgan Stanley increased its stake in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after acquiring an additional 315,302 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 0.8 %

NASDAQ TXN traded up $1.34 during trading hours on Thursday, hitting $174.21. 4,416,948 shares of the company were exchanged, compared to its average volume of 5,694,404. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The firm has a market cap of $158.54 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 3.61 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $166.63 and a two-hundred day moving average of $160.86.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the company earned $2.13 EPS. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 73.65%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TXN. Truist Financial cut their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price target on shares of Texas Instruments in a research report on Monday, March 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Finally, Barclays lowered their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.89.

Insider Activity at Texas Instruments

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

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.