OVERSEA CHINESE BANKING Corp Ltd Sells 24,338 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 94.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,376 shares of the semiconductor company's stock after selling 24,338 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Texas Instruments were worth $258,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cahill Financial Advisors Inc. raised its stake in shares of Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after buying an additional 49 shares during the period. HF Advisory Group LLC lifted its holdings in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after purchasing an additional 52 shares in the last quarter. Blossom Wealth Management grew its stake in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after acquiring an additional 55 shares in the last quarter. OLD Second National Bank of Aurora increased its holdings in Texas Instruments by 11.1% during the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after acquiring an additional 57 shares during the period. Finally, Avitas Wealth Management LLC lifted its stake in Texas Instruments by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock worth $2,032,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

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Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business'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 completion of the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 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 owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXN. 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 report on Friday, January 24th. Wells Fargo & Company cut their target price on shares of 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. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Finally, Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average target price of $209.20.

Texas Instruments Stock Down 0.8 %

TXN stock traded down $1.54 during midday trading on Tuesday, hitting $183.97. The stock had a trading volume of 4,357,167 shares, compared to its average volume of 5,358,950. The business has a 50-day moving average of $187.36 and a two-hundred day moving average of $195.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market cap of $167.40 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39.

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, beating the consensus estimate 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 in the prior year, the business posted $1.49 EPS. As a group, equities research 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. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

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.