Jupiter Asset Management Ltd. Sells 30,833 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Jupiter Asset Management Ltd. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,235 shares of the semiconductor company’s stock after selling 30,833 shares during the period. Jupiter Asset Management Ltd.’s holdings in Texas Instruments were worth $51,047,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TXN. Truvestments Capital LLC raised its position in shares of Texas Instruments by 6.0% during the 4th quarter. Truvestments Capital LLC now owns 18,187 shares of the semiconductor company’s stock valued at $3,410,000 after acquiring an additional 1,026 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Texas Instruments by 3.9% during the 4th quarter. Farther Finance Advisors LLC now owns 10,063 shares of the semiconductor company’s stock valued at $1,887,000 after acquiring an additional 375 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Texas Instruments by 5.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 86,237 shares of the semiconductor company’s stock valued at $16,170,000 after acquiring an additional 4,249 shares during the last quarter. PFG Advisors raised its position in shares of Texas Instruments by 57.9% during the 4th quarter. PFG Advisors now owns 5,465 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 2,005 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Texas Instruments by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 779,319 shares of the semiconductor company’s stock valued at $146,130,000 after acquiring an additional 19,257 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXN. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Trading Down 4.9 %

Shares of NASDAQ:TXN opened at $177.34 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company’s 50-day moving average price is $189.39 and its two-hundred day moving average price is $197.00. The stock has a market capitalization of $161.36 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the business posted $1.49 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.07%. Texas Instruments’s payout ratio is 104.82%.

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.