Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 644,383 shares of the semiconductor company’s stock after selling 25,601 shares during the period. Epoch Investment Partners Inc.’s holdings in Texas Instruments were worth $120,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TXN. First Trust Advisors LP lifted its stake in Texas Instruments by 0.7% in the fourth quarter. First Trust Advisors LP now owns 2,340,801 shares of the semiconductor company’s stock valued at $438,923,000 after buying an additional 16,014 shares during the last quarter. Forum Financial Management LP lifted its position in Texas Instruments by 30.2% in the 4th quarter. Forum Financial Management LP now owns 8,570 shares of the semiconductor company’s stock valued at $1,607,000 after purchasing an additional 1,986 shares during the last quarter. Freedom Investment Management Inc. lifted its position in Texas Instruments by 2.9% in the 4th quarter. Freedom Investment Management Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 249 shares during the last quarter. GeoWealth Management LLC grew its position in Texas Instruments by 247.9% in the 4th quarter. GeoWealth Management LLC now owns 14,151 shares of the semiconductor company’s stock worth $2,653,000 after purchasing an additional 10,083 shares during the last quarter. Finally, Commerce Bank increased its stake in shares of Texas Instruments by 0.9% in the fourth quarter. Commerce Bank now owns 487,656 shares of the semiconductor company’s stock valued at $91,440,000 after purchasing an additional 4,520 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ:TXN opened at $148.34 on Friday. The firm has a 50 day simple moving average of $177.08 and a 200 day simple moving average of $189.48. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $134.97 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released 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 return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the company earned $1.49 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Truist Financial lowered their target price 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. Stifel Nicolaus cut their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Citigroup reduced their price target on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $206.86.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. Company insiders own 0.57% of the company’s stock.

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.