Rhumbline Advisers Sells 4,430 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Rhumbline Advisers lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,791,145 shares of the semiconductor company's stock after selling 4,430 shares during the period. Rhumbline Advisers owned 0.20% of Texas Instruments worth $335,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TXN. Creative Planning lifted its stake in shares of Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company's stock valued at $43,590,000 after purchasing an additional 13,972 shares during the period. Kowal Investment Group LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $220,000. Good Life Advisors LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $408,000. Bleakley Financial Group LLC grew its holdings in shares of Texas Instruments by 0.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company's stock worth $3,702,000 after acquiring an additional 160 shares during the period. Finally, Howard Capital Management Group LLC purchased a new position in Texas Instruments in the 3rd quarter valued at approximately $202,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Barclays decreased their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Bank of America cut their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $209.20.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company'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 transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

TXN traded up $9.86 during trading on Wednesday, hitting $196.32. The stock had a trading volume of 8,435,171 shares, compared to its average volume of 6,376,803. The firm has a market cap of $179.09 billion, a PE ratio of 37.83, a P/E/G ratio of 2.96 and a beta of 0.97. 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 Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a 50 day simple moving average of $187.90 and a 200-day simple moving average of $197.23.

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 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 firm earned $1.49 earnings per share. Analysts expect 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 2.77%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio 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.