Bowen Hanes & Co. Inc. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bowen Hanes & Co. Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,519 shares of the semiconductor company's stock after selling 2,193 shares during the quarter. Texas Instruments accounts for 1.6% of Bowen Hanes & Co. Inc.'s holdings, making the stock its 27th largest holding. Bowen Hanes & Co. Inc.'s holdings in Texas Instruments were worth $61,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TXN. Promus Capital LLC purchased a new stake in Texas Instruments during the fourth quarter worth approximately $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the 3rd quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXN. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $209.20.

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Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, 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 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 quarter. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Down 0.9 %

Texas Instruments stock opened at $175.70 on Thursday. The stock's 50 day moving average price is $189.16 and its 200 day moving average price is $196.85. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a market cap of $159.87 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. 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 posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the firm posted $1.49 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.10%. Texas Instruments's payout ratio is 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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