Massachusetts Financial Services Co. MA Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Massachusetts Financial Services Co. MA lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,700,259 shares of the semiconductor company's stock after selling 359,954 shares during the period. Massachusetts Financial Services Co. MA owned about 0.84% of Texas Instruments worth $1,443,876,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $202,000. Edgestream Partners L.P. acquired a new stake in shares of Texas Instruments in the third quarter valued at about $229,000. Atom Investors LP purchased a new stake in shares of Texas Instruments during the third quarter worth about $344,000. Ascent Group LLC raised its position in shares of Texas Instruments by 298.6% during the 3rd quarter. Ascent Group LLC now owns 9,734 shares of the semiconductor company's stock worth $2,011,000 after purchasing an additional 7,292 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in Texas Instruments by 27.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 29,072 shares of the semiconductor company's stock valued at $6,005,000 after buying an additional 6,203 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Trading Down 7.9 %

Shares of TXN traded down $13.99 during midday trading on Thursday, hitting $164.20. 11,883,502 shares of the stock were exchanged, compared to its average volume of 5,775,327. The stock has a fifty day simple moving average of $184.75 and a 200 day simple moving average of $194.03. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market cap of $149.41 billion, a P/E ratio of 31.64, a P/E/G ratio of 3.30 and a beta of 0.99.

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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, 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 earned $1.49 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.31%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXN. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Two equities research 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, the stock currently has an average rating of "Hold" and an average target price of $209.20.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The shares were 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 owns 409,089 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last quarter. Corporate insiders own 0.57% of the company's stock.

About Texas Instruments

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.