Corient Private Wealth LLC Sells 30,479 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Corient Private Wealth LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,286,452 shares of the semiconductor company's stock after selling 30,479 shares during the quarter. Corient Private Wealth LLC owned about 0.14% of Texas Instruments worth $240,949,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at $28,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments during the 4th quarter worth about $28,000. Institutional investors own 84.99% of the company's stock.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last three months. Insiders own 0.57% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Truist Financial lowered their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $1.06 during mid-day trading on Thursday, hitting $180.68. The stock had a trading volume of 4,977,651 shares, compared to its average volume of 5,324,340. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The stock has a market cap of $164.40 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.30 and a beta of 0.97. The company's 50 day simple moving average is $187.91 and its 200 day simple moving average is $195.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm earned $1.49 earnings per share. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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 given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.01%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

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.