William Blair Investment Management LLC Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

William Blair Investment Management LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 29.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 979,075 shares of the semiconductor company’s stock after selling 400,384 shares during the period. William Blair Investment Management LLC’s holdings in Texas Instruments were worth $183,586,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN stock opened at $176.42 on Monday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $188.61 and a two-hundred day moving average of $196.29. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a market cap of $160.53 billion, a P/E ratio of 33.99, a PEG ratio of 3.30 and a beta of 0.98.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.08%. Texas Instruments’s payout ratio is currently 104.82%.

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.