Franklin Street Advisors Inc. NC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Franklin Street Advisors Inc. NC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 69.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,125 shares of the semiconductor company’s stock after selling 48,774 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Texas Instruments were worth $3,601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TXN. Vanguard Group Inc. increased its stake in Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the period. BlackRock Inc. increased its stake in Texas Instruments by 0.5% in the 2nd quarter. BlackRock Inc. now owns 79,683,366 shares of the semiconductor company’s stock worth $14,344,600,000 after buying an additional 370,126 shares during the period. State Street Corp lifted its holdings in Texas Instruments by 0.3% during the 2nd quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock valued at $6,828,362,000 after buying an additional 112,156 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after buying an additional 839,964 shares during the period. Finally, Morgan Stanley increased its position in shares of Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

NASDAQ TXN opened at $174.21 on Friday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The firm’s fifty day simple moving average is $166.63 and its two-hundred day simple moving average is $160.86. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $158.54 billion, a P/E ratio of 24.68, a P/E/G ratio of 3.72 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Truist Financial decreased their price objective on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Finally, Barclays lowered their price target on shares of 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $173.89.

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.