Principal Financial Group Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,118,074 shares of the semiconductor company's stock after selling 20,969 shares during the period. Principal Financial Group Inc. owned 0.12% of Texas Instruments worth $209,650,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC raised its holdings in Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock worth $19,353,000 after buying an additional 5,201 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 valued at $1,639,000 after buying an additional 3,707 shares during the period. HB Wealth Management LLC boosted its stake 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 valued at $18,724,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Texas Instruments by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock worth $558,255,000 after acquiring an additional 8,100 shares during the period. Institutional investors own 84.99% of the company's stock.
Texas Instruments Stock Down 1.0 %
Shares of TXN stock traded down $1.96 during trading on Friday, reaching $202.00. The company's stock had a trading volume of 7,349,861 shares, compared to its average volume of 6,488,266. The company has a market cap of $183.89 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The business has a fifty day moving average price of $188.44 and a 200-day moving average price of $197.42. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 previous year, the firm posted $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on TXN shares. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark restated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Finally, Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $209.20.
Read Our Latest Stock Report on TXN
Insider Transactions at Texas Instruments
In other news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, 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 Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company's stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.
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.
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