Advisors Asset Management Inc. Has $22.76 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Advisors Asset Management Inc. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,361 shares of the semiconductor company's stock after selling 5,836 shares during the quarter. Advisors Asset Management Inc.'s holdings in Texas Instruments were worth $22,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at about $202,000. Atlanta Consulting Group Advisors LLC acquired a new stake in Texas Instruments in the 3rd quarter worth about $401,000. Claro Advisors LLC boosted its holdings in Texas Instruments by 16.3% in the 3rd quarter. Claro Advisors LLC now owns 2,876 shares of the semiconductor company's stock worth $594,000 after buying an additional 404 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Texas Instruments by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company's stock worth $15,349,000 after buying an additional 1,095 shares during the last quarter. Finally, Glass Wealth Management Co LLC boosted its holdings in Texas Instruments by 18.8% in the 3rd quarter. Glass Wealth Management Co LLC now owns 10,121 shares of the semiconductor company's stock worth $2,091,000 after buying an additional 1,600 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Finally, 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 report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus target price of $209.20.

Insider Activity

In other news, 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 value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company'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 completion of the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 0.9 %

Shares of NASDAQ:TXN traded down $1.68 during midday trading on Friday, hitting $179.00. 11,789,596 shares of the company's stock traded hands, compared to its average volume of 5,353,879. 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 $162.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.30 and a beta of 0.97. The firm's fifty day moving average price is $187.47 and its two-hundred day moving average price is $195.37. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 business posted $1.49 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid 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 3.04%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

About Texas Instruments

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.