American Century Companies Inc. Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

American Century Companies Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,094 shares of the semiconductor company's stock after selling 97,971 shares during the period. American Century Companies Inc.'s holdings in Texas Instruments were worth $36,207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC bought a new stake in Texas Instruments during the third quarter worth $202,000. FMR LLC raised its stake in shares of Texas Instruments by 4.1% during the 3rd quarter. FMR LLC now owns 2,702,653 shares of the semiconductor company's stock worth $558,287,000 after purchasing an additional 106,002 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Texas Instruments by 51.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,820 shares of the semiconductor company's stock worth $1,409,000 after purchasing an additional 2,319 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new position in shares of Texas Instruments in the 3rd quarter worth about $10,836,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Texas Instruments by 8.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,682 shares of the semiconductor company's stock worth $38,563,000 after buying an additional 14,249 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $1.71 on Tuesday, hitting $177.99. 5,962,793 shares of the company traded hands, compared to its average volume of 5,736,837. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The firm's 50-day simple moving average is $185.85 and its 200 day simple moving average is $194.36. The company has a market cap of $161.96 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.49 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company 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. This represents a $5.44 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company's 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 sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % 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 over the last ninety days. Insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXN. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Benchmark reiterated a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company dropped their price target 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. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $209.20.

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.