Rockefeller Capital Management L.P. Sells 11,704 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rockefeller Capital Management L.P. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 312,260 shares of the semiconductor company’s stock after selling 11,704 shares during the period. Rockefeller Capital Management L.P.’s holdings in Texas Instruments were worth $64,499,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC grew its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments in the third quarter worth $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments during the third quarter valued at $45,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TXN. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Trading Up 0.9 %

NASDAQ TXN opened at $201.03 on Friday. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a 50 day moving average price of $204.29 and a 200 day moving average price of $200.78. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $183.38 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

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.