Sky Investment Group LLC Sells 220 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sky Investment Group LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,145 shares of the semiconductor company’s stock after selling 220 shares during the period. Texas Instruments accounts for about 1.5% of Sky Investment Group LLC’s investment portfolio, making the stock its 23rd largest holding. Sky Investment Group LLC’s holdings in Texas Instruments were worth $8,465,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments in the third quarter worth about $28,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth approximately $27,000. Tsfg LLC increased its position 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 purchased a new position in Texas Instruments during the third quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new stake in Texas Instruments in the third quarter worth $41,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

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

Texas Instruments Stock Up 2.7 %

Shares of TXN stock opened at $192.42 on Tuesday. The company has a 50 day simple moving average of $194.79 and a two-hundred day simple moving average of $199.65. The stock has a market cap of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.74 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

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

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TXN shares. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $210.45.

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.