Legal & General Group Plc Sells 2,463,306 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Legal & General Group Plc lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,489,984 shares of the semiconductor company's stock after selling 2,463,306 shares during the period. Legal & General Group Plc owned about 0.71% of Texas Instruments worth $1,216,937,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TXN. Invesco Ltd. grew its holdings in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Certior Financial Group LLC acquired a new position in Texas Instruments in the 4th quarter valued at approximately $265,000. Polymer Capital Management US LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $2,925,000. Cerity Partners LLC grew its stake in shares of Texas Instruments by 1.5% in the fourth quarter. Cerity Partners LLC now owns 383,813 shares of the semiconductor company's stock worth $72,813,000 after purchasing an additional 5,672 shares during the last quarter. Finally, Trek Financial LLC increased its holdings in Texas Instruments by 34.6% in the fourth quarter. Trek Financial LLC now owns 5,229 shares of the semiconductor company's stock valued at $980,000 after purchasing an additional 1,345 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho dropped their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Citigroup cut their price target on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $207.95.

Texas Instruments Price Performance

TXN traded down $9.00 during trading on Friday, reaching $147.60. 21,101,622 shares of the company were exchanged, compared to its average volume of 6,075,826. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $134.30 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company's 50-day moving average is $180.26 and its two-hundred day moving average is $191.36.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 last year, the firm posted $1.49 EPS. Research analysts forecast 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. Shareholders of record on Friday, January 31st were issued 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 payout ratio is currently 104.82%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

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.