Banco Bilbao Vizcaya Argentaria S.A. Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,991 shares of the semiconductor company's stock after selling 16,611 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Texas Instruments were worth $17,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after acquiring an additional 649,620 shares during the period. Geode Capital Management LLC increased its holdings in shares of Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Norges Bank purchased a new stake in Texas Instruments during the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. grew its position in Texas Instruments by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after buying an additional 822,797 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday. Truist Financial cut their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $180.00 to $125.00 in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $190.67.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on 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 completion of the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last three months. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 6.6 %

Shares of TXN stock opened at $162.13 on Friday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm's 50-day simple moving average is $174.68 and its 200-day simple moving average is $188.09. The firm has a market cap of $147.53 billion, a P/E ratio of 31.24, a PEG ratio of 3.30 and a beta of 0.99. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.36%. Texas Instruments's dividend payout ratio 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.

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