Primecap Management Co. CA Sells 533,241 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Primecap Management Co. CA cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,370,519 shares of the semiconductor company's stock after selling 533,241 shares during the period. Texas Instruments makes up 2.1% of Primecap Management Co. CA's investment portfolio, making the stock its 11th biggest holding. Primecap Management Co. CA owned 1.58% of Texas Instruments worth $2,694,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Fiduciary Alliance LLC lifted its stake in shares of Texas Instruments by 25.3% in the fourth 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. Townsquare Capital LLC lifted its position in Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock worth $19,353,000 after acquiring an additional 5,201 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock valued at $1,639,000 after acquiring an additional 3,707 shares during the period. HB Wealth Management LLC grew its position in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock valued at $18,724,000 after purchasing an additional 4,238 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Texas Instruments by 3.1% in the third quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company's stock worth $23,079,000 after purchasing an additional 3,410 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. This represents a 19.17 % 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 quarter. Insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXN. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. 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. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Mizuho decreased their target price 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. Two 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. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Price Performance

Texas Instruments stock traded down $1.68 on Friday, reaching $179.00. The company's stock had a trading volume of 11,789,596 shares, compared to its average volume of 5,352,113. The business's fifty day moving average price is $187.69 and its 200 day moving average price is $195.62. 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 company has a market cap of $162.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39.

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 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. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.04%. 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.