Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,990,010 shares of the semiconductor company's stock after selling 35,955 shares during the quarter. Franklin Resources Inc. owned about 0.77% of Texas Instruments worth $1,310,697,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after purchasing an additional 649,620 shares during the period. State Street Corp lifted its holdings in shares of Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company's stock valued at $8,609,679,000 after buying an additional 391,306 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Geode Capital Management LLC boosted its stake in shares of Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company's stock valued at $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Finally, Norges Bank acquired a new position in Texas Instruments during the fourth quarter worth $2,584,490,000. Institutional investors and hedge funds own 84.99% of the company's stock.

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Texas Instruments Trading Down 7.9 %

NASDAQ:TXN traded down $13.99 during mid-day trading on Thursday, reaching $164.20. The company's stock had a trading volume of 11,837,023 shares, compared to its average volume of 5,765,288. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The company's fifty day simple moving average is $185.47 and its two-hundred day simple moving average is $194.24. 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 stock has a market cap of $149.41 billion, a P/E ratio of 31.64, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $1.49 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value 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. This represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho reduced their price target 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. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, 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 report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $209.20.

Texas Instruments Company 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.