FIL Ltd Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

FIL Ltd trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,136,977 shares of the semiconductor company's stock after selling 137,462 shares during the period. Texas Instruments makes up approximately 0.9% of FIL Ltd's holdings, making the stock its 21st biggest holding. FIL Ltd owned 0.56% of Texas Instruments worth $963,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TXN. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the third quarter valued at $202,000. MML Investors Services LLC grew its stake in Texas Instruments by 3.2% during the 3rd quarter. MML Investors Services LLC now owns 130,153 shares of the semiconductor company's stock valued at $26,886,000 after purchasing an additional 4,077 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Texas Instruments by 5.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 643,034 shares of the semiconductor company's stock valued at $132,832,000 after purchasing an additional 31,382 shares during the period. Roffman Miller Associates Inc. PA raised its stake in shares of Texas Instruments by 1.3% in the third quarter. Roffman Miller Associates Inc. PA now owns 253,509 shares of the semiconductor company's stock worth $52,367,000 after purchasing an additional 3,274 shares during the last quarter. Finally, Groupama Asset Managment lifted its holdings in shares of Texas Instruments by 0.5% during the third quarter. Groupama Asset Managment now owns 12,634 shares of the semiconductor company's stock worth $2,610,000 after purchasing an additional 62 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 5.7 %

Texas Instruments stock traded down $9.00 during trading on Friday, reaching $147.60. 21,101,622 shares of the company were exchanged, compared to its average volume of 6,078,235. The stock's 50 day simple moving average is $180.26 and its two-hundred day simple moving average is $191.24. The company has a market capitalization of $134.30 billion, a P/E ratio of 28.44, a PEG ratio of 3.30 and a beta of 0.99. 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 Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 last year, the firm posted $1.49 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal 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 issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insider Activity

In related news, 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 transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $207.95.

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.