Gateway Investment Advisers LLC Sells 39,104 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Gateway Investment Advisers LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,619 shares of the semiconductor company's stock after selling 39,104 shares during the quarter. Gateway Investment Advisers LLC's holdings in Texas Instruments were worth $40,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments in the third quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the third quarter valued at about $43,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI increased their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $209.71.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

TXN stock traded down $10.14 during trading on Thursday, reaching $187.37. 7,458,264 shares of the company were exchanged, compared to its average volume of 5,305,045. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market capitalization of $170.92 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.69 and a beta of 0.98. The company has a 50-day moving average of $195.95 and a two-hundred day moving average of $199.74.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.90%. Texas Instruments's dividend payout ratio is currently 101.12%.

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.