Callan Capital LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Callan Capital LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,099 shares of the semiconductor company’s stock after selling 132 shares during the quarter. Callan Capital LLC’s holdings in Texas Instruments were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VCI Wealth Management LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $1,101,000. Syon Capital LLC increased its holdings in shares of Texas Instruments by 22.8% in the fourth quarter. Syon Capital LLC now owns 6,122 shares of the semiconductor company’s stock valued at $1,044,000 after purchasing an additional 1,135 shares during the period. Lyell Wealth Management LP increased its holdings in shares of Texas Instruments by 62.0% in the fourth quarter. Lyell Wealth Management LP now owns 2,875 shares of the semiconductor company’s stock valued at $490,000 after purchasing an additional 1,100 shares during the period. Community Bank N.A. increased its holdings in shares of Texas Instruments by 0.9% in the fourth quarter. Community Bank N.A. now owns 30,855 shares of the semiconductor company’s stock valued at $5,260,000 after purchasing an additional 280 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Texas Instruments by 5.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,163 shares of the semiconductor company’s stock worth $3,267,000 after acquiring an additional 927 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on TXN shares. JPMorgan Chase & Co. raised their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 target price on shares of Texas Instruments in a report on Wednesday. The Goldman Sachs Group raised their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $2.23 during midday trading on Friday, hitting $177.48. The stock had a trading volume of 5,401,537 shares, compared to its average volume of 5,707,532. The company has a market capitalization of $161.52 billion, a PE ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. The stock has a 50 day simple moving average of $169.29 and a 200-day simple moving average of $162.22. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is currently owned by company insiders.

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.