Massachusetts Financial Services Co. MA Sells 173,244 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Massachusetts Financial Services Co. MA decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,023,772 shares of the semiconductor company’s stock after selling 173,244 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Texas Instruments were worth $1,560,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC grew its holdings in Texas Instruments by 48.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 1,870 shares during the last quarter. Brown Advisory Inc. increased its holdings in Texas Instruments by 0.4% in the fourth quarter. Brown Advisory Inc. now owns 67,880 shares of the semiconductor company’s stock valued at $11,571,000 after purchasing an additional 240 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Texas Instruments by 8.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,861 shares of the semiconductor company’s stock worth $7,477,000 after purchasing an additional 3,306 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in Texas Instruments by 2.3% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 21,876 shares of the semiconductor company’s stock worth $3,729,000 after buying an additional 501 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of Texas Instruments by 2.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 32,363 shares of the semiconductor company’s stock valued at $5,517,000 after buying an additional 802 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Truist Financial dropped their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $204.67.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Up 2.0 %

NASDAQ:TXN opened at $199.93 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a market cap of $182.55 billion, a PE ratio of 31.19, a PEG ratio of 4.26 and a beta of 0.99. The firm has a 50-day moving average of $200.69 and a 200-day moving average of $188.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $1.87 EPS. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Texas Instruments Company 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.