Jensen Investment Management Inc. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Jensen Investment Management Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,835,681 shares of the semiconductor company's stock after selling 25,559 shares during the quarter. Texas Instruments comprises approximately 3.1% of Jensen Investment Management Inc.'s holdings, making the stock its 14th biggest position. Jensen Investment Management Inc. owned about 0.20% of Texas Instruments worth $344,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC bought a new stake in Texas Instruments during the 4th quarter valued at approximately $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter valued at $28,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $1.06 on Thursday, hitting $180.68. 4,977,651 shares of the company were exchanged, compared to its average volume of 5,324,339. The firm has a market capitalization of $164.40 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The stock's 50 day moving average price is $187.91 and its 200 day moving average price is $195.72.

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Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the prior year, the firm posted $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current 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 given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. Texas Instruments's dividend payout ratio is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on TXN shares. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.