LMR Partners LLP Sells 9,675 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

LMR Partners LLP lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 74.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,365 shares of the semiconductor company’s stock after selling 9,675 shares during the quarter. LMR Partners LLP’s holdings in Texas Instruments were worth $631,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. HF Advisory Group LLC grew its holdings in shares of Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after purchasing an additional 52 shares during the last quarter. Blossom Wealth Management grew its holdings in shares of Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 56 shares during the last quarter. OLD Second National Bank of Aurora grew its holdings in shares of Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 57 shares during the last quarter. Finally, Voya Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after purchasing an additional 58 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 0.5%

NASDAQ TXN opened at $188.20 on Wednesday. The firm has a market cap of $170.97 billion, a P/E ratio of 36.26, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock’s 50-day moving average is $167.11 and its 200-day moving average is $184.84. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $1.10 EPS. Texas Instruments’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock worth $59,734,685 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $216.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a report on Friday, April 25th. Truist Financial decreased their price target on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $189.41.

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.