US Bancorp DE Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

US Bancorp DE trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,603 shares of the semiconductor company’s stock after selling 8,499 shares during the period. US Bancorp DE’s holdings in Texas Instruments were worth $169,249,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments during the 3rd quarter worth $202,000. JFS Wealth Advisors LLC grew its holdings in Texas Instruments by 5.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 4,228 shares of the semiconductor company’s stock worth $873,000 after acquiring an additional 210 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV acquired a new position in Texas Instruments during the 3rd quarter worth $227,000. Cornerstone Wealth Group LLC grew its holdings in Texas Instruments by 3.6% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 1,721 shares of the semiconductor company’s stock worth $355,000 after acquiring an additional 60 shares in the last quarter. Finally, Goldstone Financial Group LLC acquired a new position in Texas Instruments during the 3rd quarter worth $399,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TXN. Truist Financial decreased their price objective 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. Mizuho lowered their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Up 2.5 %

TXN stock opened at $196.02 on Friday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The firm has a market cap of $178.44 billion, a PE ratio of 37.77, a P/E/G ratio of 3.30 and a beta of 0.97. The firm has a 50 day simple moving average of $189.49 and a 200 day simple moving average of $197.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $1.49 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.68% of the stock is owned by company insiders.

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.