QRG Capital Management Inc. Sells 3,978 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

QRG Capital Management Inc. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,822 shares of the semiconductor company's stock after selling 3,978 shares during the period. QRG Capital Management Inc.'s holdings in Texas Instruments were worth $17,968,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fiduciary Alliance LLC raised its position in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after acquiring an additional 7,424 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of 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 purchasing an additional 5,201 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock valued at $1,639,000 after purchasing an additional 3,707 shares during the period. HB Wealth Management LLC lifted its stake in Texas Instruments by 4.4% in the 4th 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, Swiss National Bank lifted its stake in Texas Instruments by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock valued at $558,255,000 after purchasing an additional 8,100 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $1.60 during midday trading on Monday, reaching $194.39. 6,139,929 shares of the company were exchanged, compared to its average volume of 6,606,304. The stock's 50-day moving average price is $189.49 and its 200-day moving average price is $197.70. The stock has a market cap of $176.96 billion, a P/E ratio of 37.45, a PEG ratio of 3.30 and a beta of 0.97. 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 Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter last year, the company posted $1.49 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company 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 2.80%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Analyst Ratings Changes

TXN has been the topic of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. 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 note on Friday, January 24th. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced 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 report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $209.20.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on 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 owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.68% of the company's stock.

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.