Mutual of America Capital Management LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Mutual of America Capital Management LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,266 shares of the semiconductor company's stock after selling 3,150 shares during the period. Mutual of America Capital Management LLC's holdings in Texas Instruments were worth $20,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Howard Capital Management Group LLC bought a new position in Texas Instruments in the 3rd quarter worth $202,000. JFS Wealth Advisors LLC raised its position in shares of Texas Instruments by 5.2% during the third quarter. JFS Wealth Advisors LLC now owns 4,228 shares of the semiconductor company's stock valued at $873,000 after buying an additional 210 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Texas Instruments in the third quarter worth $227,000. Cornerstone Wealth Group LLC boosted its position in shares of Texas Instruments by 3.6% during the third quarter. Cornerstone Wealth Group LLC now owns 1,721 shares of the semiconductor company's stock worth $355,000 after acquiring an additional 60 shares during the last quarter. Finally, Goldstone Financial Group LLC purchased a new position in Texas Instruments during the third quarter valued at $399,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Barclays reduced their price objective on 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. Finally, Wells Fargo & Company lowered their target price 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Trading Up 1.6 %

Shares of TXN stock traded up $3.14 on Tuesday, reaching $197.53. 3,129,143 shares of the company's stock were exchanged, compared to its average volume of 6,516,690. The company's fifty day simple moving average is $189.57 and its 200 day simple moving average is $197.64. The stock has a market capitalization of $179.81 billion, a PE ratio of 38.08, a P/E/G 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 52 week low of $159.11 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its 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 last year, the company earned $1.49 earnings per share. As a group, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on 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 owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.68% 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.