Cornerstone Advisors LLC Has $5.42 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cornerstone Advisors LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,900 shares of the semiconductor company's stock after selling 13,300 shares during the quarter. Cornerstone Advisors LLC's holdings in Texas Instruments were worth $5,419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Fiduciary Alliance LLC lifted its holdings in shares of Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock valued at $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock worth $19,353,000 after purchasing an additional 5,201 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 3,707 shares in the last quarter. HB Wealth Management LLC grew its stake in Texas Instruments by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after buying an additional 4,238 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock worth $558,255,000 after acquiring an additional 8,100 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

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Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 sale, the director now directly owns 10,816 shares in the company, valued at $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 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho decreased their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $209.20.

Texas Instruments Price Performance

Shares of TXN stock traded down $0.41 during trading hours on Wednesday, hitting $176.93. 2,614,045 shares of the company's stock were exchanged, compared to its average volume of 6,623,868. The firm has a 50 day moving average of $189.39 and a two-hundred day moving average of $197.00. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The firm has a market cap of $160.99 billion, a P/E ratio of 34.06, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm posted $1.49 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.07%. Texas Instruments's dividend payout ratio (DPR) is 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.