Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 304,057 shares of the semiconductor company's stock after selling 8,203 shares during the period. Rockefeller Capital Management L.P.'s holdings in Texas Instruments were worth $57,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth $28,000. Institutional investors own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. Stifel Nicolaus dropped their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday. Barclays cut 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. UBS Group dropped their price objective on shares of Texas Instruments from $250.00 to $225.00 and set a "buy" rating for the company in a report on Monday. Citigroup decreased their target price on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $206.86.

Texas Instruments Price Performance

Texas Instruments stock traded up $1.79 during mid-day trading on Friday, reaching $148.34. The company had a trading volume of 5,690,642 shares, compared to its average volume of 6,138,575. The company has a market capitalization of $134.97 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock's 50-day simple moving average is $177.70 and its 200-day simple moving average is $189.85. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results 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 quarter in the previous year, the company earned $1.49 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.67%. Texas Instruments's payout ratio is currently 104.82%.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company's stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% 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.