Harvest Fund Management Co. Ltd trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,189 shares of the semiconductor company's stock after selling 11,608 shares during the period. Texas Instruments accounts for 0.7% of Harvest Fund Management Co. Ltd's holdings, making the stock its 22nd largest position. Harvest Fund Management Co. Ltd's holdings in Texas Instruments were worth $15,011,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the third quarter valued at about $202,000. Thrivent Financial for Lutherans raised its position in shares of Texas Instruments by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company's stock valued at $15,349,000 after buying an additional 1,095 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $226,000. LMR Partners LLP acquired a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $2,694,000. Finally, Drive Wealth Management LLC increased its stake in Texas Instruments by 15.9% in the third quarter. Drive Wealth Management LLC now owns 1,280 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 176 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Texas Instruments
In related news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company'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 completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on TXN. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Barclays reduced 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 research note on Friday, January 24th. Mizuho lowered their price objective 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. Finally, Truist Financial cut their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus target price of $209.20.
Check Out Our Latest Stock Report on TXN
Texas Instruments Stock Down 0.9 %
Shares of NASDAQ:TXN traded down $1.68 during trading on Friday, reaching $179.00. 11,789,596 shares of the stock were exchanged, compared to its average volume of 5,358,604. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The stock has a fifty day moving average of $187.47 and a two-hundred day moving average of $195.33. 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 has a market cap of $162.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.04%. Texas Instruments's payout ratio is 104.82%.
Texas Instruments Profile
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Free Report)
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.
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