Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Empire Life Investments Inc.

Empire Life Investments Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,363 shares of the semiconductor company's stock after selling 3,601 shares during the quarter. Empire Life Investments Inc.'s holdings in Texas Instruments were worth $11,506,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments in the third quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TXN shares. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $209.20.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company's stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Up 5.3 %

Shares of NASDAQ:TXN traded up $9.86 during mid-day trading on Wednesday, reaching $196.32. 8,435,171 shares of the company were exchanged, compared to its average volume of 6,376,803. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. 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's 50-day simple moving average is $187.99 and its 200 day simple moving average is $197.23. The firm has a market cap of $179.09 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 2.96 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its 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 quarter last year, the business posted $1.49 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is currently 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.