BI Asset Management Fondsmaeglerselskab A S Sells 6,916 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,609 shares of the semiconductor company's stock after selling 6,916 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Texas Instruments were worth $10,615,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Norges Bank acquired a new position in Texas Instruments in the 4th quarter valued at $2,584,490,000. Assenagon Asset Management S.A. increased its stake in shares of Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after acquiring an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. raised its holdings in Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at approximately $295,665,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $180.00 to $125.00 in a research note on Tuesday. Benchmark restated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. UBS Group lowered their target price on Texas Instruments from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $204.24.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $5.41 during mid-day trading on Wednesday, reaching $152.17. 14,065,735 shares of the company's stock were exchanged, compared to its average volume of 6,173,761. 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 firm has a market capitalization of $138.46 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business's fifty day simple moving average is $175.71 and its two-hundred day simple moving average is $188.61. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's dividend payout ratio is 104.82%.

Insider Transactions 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 stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. Insiders own 0.57% of the company's stock.

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.