Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Trimmed by FourThought Financial Partners LLC

FourThought Financial Partners LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,135 shares of the semiconductor company’s stock after selling 169 shares during the quarter. Texas Instruments comprises approximately 1.5% of FourThought Financial Partners LLC’s holdings, making the stock its 17th largest position. FourThought Financial Partners LLC’s holdings in Texas Instruments were worth $11,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Morgan Stanley boosted its stake in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System grew its holdings in Texas Instruments by 33.2% during the fourth 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. Assenagon Asset Management S.A. grew its holdings in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Baillie Gifford & Co. raised its position in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at about $196,135,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated 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 sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. 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 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

NASDAQ TXN traded up $3.11 during midday trading on Friday, hitting $178.91. The company had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The firm has a fifty day simple moving average of $170.68 and a two-hundred day simple moving average of $162.98. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. 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 stock has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 3.75 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for 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%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid 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 2.91%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analysts Set New Price Targets

A number of analysts recently commented on TXN shares. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Barclays cut their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Mizuho lifted their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Robert W. Baird increased their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $180.74.

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.