Northwest & Ethical Investments L.P. Has $33.21 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Northwest & Ethical Investments L.P. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,117 shares of the semiconductor company's stock after selling 19,913 shares during the quarter. Texas Instruments accounts for approximately 0.9% of Northwest & Ethical Investments L.P.'s investment portfolio, making the stock its 17th largest position. Northwest & Ethical Investments L.P.'s holdings in Texas Instruments were worth $33,211,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the 4th quarter worth about $28,000. Finally, Atala Financial Inc purchased a new stake in Texas Instruments during the fourth quarter valued at about $37,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated 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 transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction dated 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. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. 0.57% of the stock is owned by company insiders.

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Texas Instruments Stock Performance

NASDAQ TXN traded up $6.51 during midday trading on Monday, hitting $185.51. The company had a trading volume of 5,694,749 shares, compared to its average volume of 5,359,948. The firm has a fifty day simple moving average of $187.36 and a two-hundred day simple moving average of $195.16. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. 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 stock has a market cap of $168.80 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.93%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

TXN has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark reaffirmed a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Truist Financial decreased 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. Finally, Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $209.20.

Texas Instruments 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.