Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 27.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,443 shares of the semiconductor company’s stock after selling 1,300 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Texas Instruments were worth $646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $28,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 3.9 %

TXN opened at $164.51 on Friday. The stock has a market capitalization of $149.69 billion, a PE ratio of 31.70, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The firm’s fifty day moving average price is $170.27 and its 200 day moving average price is $186.33.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TXN shares. Mizuho set a $170.00 price objective on Texas Instruments in a report on Thursday, April 24th. Truist Financial dropped their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reissued an “underweight” rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $189.41.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last 90 days. 0.57% of the stock is owned by company insiders.

Texas Instruments 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.