Natixis reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,825 shares of the semiconductor company's stock after selling 289,137 shares during the period. Natixis' holdings in Texas Instruments were worth $49,657,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in TXN. Fiduciary Alliance LLC lifted its position in shares of Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after buying an additional 7,424 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in Texas Instruments by 73.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after acquiring an additional 3,707 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after acquiring an additional 4,238 shares during the last quarter. Hamlin Capital Management LLC boosted its stake in Texas Instruments by 9.2% in the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after acquiring an additional 73,715 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Texas Instruments by 0.8% during the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock valued at $1,466,003,000 after purchasing an additional 55,690 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the firm'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 transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last three months. Insiders own 0.57% of the company's stock.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of analyst reports. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. UBS Group reduced their price target on shares of Texas Instruments from $250.00 to $225.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $180.00 to $125.00 in a research report on Tuesday. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus decreased their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $204.24.
View Our Latest Report on Texas Instruments
Texas Instruments Price Performance
NASDAQ TXN traded up $5.41 on Wednesday, reaching $152.17. The company's stock had a trading volume of 14,065,735 shares, compared to its average volume of 6,176,218. 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's 50 day moving average is $175.71 and its two-hundred day moving average is $188.61. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The stock has a market cap of $138.46 billion, a PE ratio of 29.32, a PEG ratio of 3.30 and a beta of 0.99.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.
About Texas Instruments
(
Free Report)
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.
Further Reading
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