Kovitz Investment Group Partners LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kovitz Investment Group Partners LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,191 shares of the semiconductor company’s stock after selling 7,495 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Texas Instruments were worth $1,620,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Bollard Group LLC boosted its stake in shares of Texas Instruments by 4.6% in the 2nd quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock worth $248,000 after buying an additional 60 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Texas Instruments by 16.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after buying an additional 60 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Texas Instruments by 2.8% in the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after buying an additional 61 shares during the last quarter. Polar Capital Holdings Plc boosted its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after buying an additional 63 shares during the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in shares of Texas Instruments by 3.7% in the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock worth $285,000 after buying an additional 64 shares during the last quarter. Institutional investors own 83.37% of the company’s stock.

Texas Instruments Trading Up 1.4 %

Shares of TXN stock opened at $162.40 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock’s 50 day simple moving average is $165.01 and its two-hundred day simple moving average is $161.31. The company has a market cap of $147.67 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.04.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.27 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 3.20%. Texas Instruments’s payout ratio is 73.65%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXN. Morgan Stanley lifted their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 target price on shares of Texas Instruments in a research report on Friday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Benchmark reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $173.89.

View Our Latest Research Report on Texas Instruments

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the 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 directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark A. Blinn sold 1,744 shares of the 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 transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 12,299 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $145.51, for a total value of $1,789,627.49. Following the completion of the transaction, the director now directly owns 13,637 shares in the company, valued at approximately $1,984,319.87. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

About Texas Instruments

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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