Prudential Financial Inc. Sells 80,787 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Prudential Financial Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,155 shares of the semiconductor company's stock after selling 80,787 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Texas Instruments worth $98,659,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $37,000. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. 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. Wells Fargo & Company decreased their target price on 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. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Mizuho decreased their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. 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.com, the company has an average rating of "Hold" and an average target price of $209.20.

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Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction 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 sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by company insiders.

Texas Instruments Stock Performance

Texas Instruments stock traded down $4.43 during midday trading on Friday, hitting $176.33. The stock had a trading volume of 5,490,538 shares, compared to its average volume of 5,708,235. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a market capitalization of $160.45 billion, a PE ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98. The firm's fifty day moving average is $186.45 and its two-hundred day moving average is $194.71. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

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.