Bessemer Group Inc. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bessemer Group Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583,517 shares of the semiconductor company's stock after selling 33,596 shares during the quarter. Bessemer Group Inc. owned 0.06% of Texas Instruments worth $109,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $27,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the 4th quarter worth about $28,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.0 %

TXN stock traded down $0.01 on Tuesday, reaching $150.97. 1,969,103 shares of the company traded hands, compared to its average volume of 6,079,641. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a fifty day simple moving average of $179.65 and a 200-day simple moving average of $190.83. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company has a market cap of $137.37 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted 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 period last year, the firm posted $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.60%. Texas Instruments's payout ratio is 104.82%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated 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 $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % 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 over the last quarter. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TXN shares. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Monday, April 7th. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Citigroup lowered their price target on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $208.76.

Texas Instruments Company 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.