Aviva PLC Sells 12,639 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Aviva PLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,988 shares of the semiconductor company's stock after selling 12,639 shares during the quarter. Aviva PLC owned about 0.08% of Texas Instruments worth $129,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. KCM Investment Advisors LLC increased its stake in Texas Instruments by 4.7% in the fourth quarter. KCM Investment Advisors LLC now owns 3,742 shares of the semiconductor company's stock valued at $702,000 after acquiring an additional 168 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $58,414,000. Smith Moore & CO. increased its position in Texas Instruments by 7.2% during the 4th quarter. Smith Moore & CO. now owns 2,016 shares of the semiconductor company's stock worth $378,000 after purchasing an additional 136 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $873,000. Finally, PAX Financial Group LLC grew its stake in shares of Texas Instruments by 14.3% during the fourth quarter. PAX Financial Group LLC now owns 1,459 shares of the semiconductor company's stock worth $274,000 after buying an additional 183 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TXN shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Barclays reduced their price target 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Stock Down 9.3 %

Shares of NASDAQ TXN traded down $15.80 during mid-day trading on Thursday, reaching $153.70. 6,213,021 shares of the company's stock traded hands, compared to its average volume of 5,970,441. 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 Incorporated has a 1-year low of $143.31 and a 1-year high of $220.39. The stock has a market cap of $139.86 billion, a P/E ratio of 29.60, a PEG ratio of 3.30 and a beta of 0.99. The business has a 50-day simple moving average of $181.41 and a 200 day simple moving average of $192.10.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction 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 sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was 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 valued at $59,841,304 in the last three months. 0.57% of the stock is currently owned by 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.