Ilmarinen Mutual Pension Insurance Co Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Ilmarinen Mutual Pension Insurance Co lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 81.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,285 shares of the semiconductor company's stock after selling 70,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Texas Instruments were worth $3,054,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at $2,584,490,000. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after acquiring an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 11.6% during the fourth 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 purchasing an additional 2,237,035 shares during the last quarter. Raymond James Financial Inc. bought a new position in Texas Instruments during the fourth quarter worth about $295,665,000. Finally, Van ECK Associates Corp increased its stake in shares of Texas Instruments by 21.8% in the fourth quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Down 5.8 %

Shares of Texas Instruments stock traded down $9.02 during trading on Friday, reaching $147.58. 11,127,668 shares of the stock were exchanged, compared to its average volume of 6,032,154. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1 year low of $140.12 and a 1 year high of $220.39. The firm has a market cap of $134.29 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The stock's fifty day moving average is $180.92 and its 200 day moving average is $191.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly 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 quarter in the previous year, the company posted $1.49 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.69%. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on 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 transaction, the chairman now directly owns 409,089 shares in the company, 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. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on TXN. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a report on Monday. Barclays reduced their target price 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. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus 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.