Royal London Asset Management Ltd. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Royal London Asset Management Ltd. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,428,488 shares of the semiconductor company's stock after selling 32,109 shares during the period. Texas Instruments accounts for approximately 0.7% of Royal London Asset Management Ltd.'s portfolio, making the stock its 21st largest position. Royal London Asset Management Ltd. owned 0.16% of Texas Instruments worth $267,856,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fiduciary Alliance LLC increased its stake in shares of Texas Instruments by 25.3% in the 4th 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 third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock valued at $19,353,000 after purchasing an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in shares of Texas Instruments by 73.7% during the fourth 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 last quarter. HB Wealth Management LLC boosted its position in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after purchasing an additional 4,238 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Texas Instruments by 3.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company's stock worth $23,079,000 after buying an additional 3,410 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Mizuho lowered their price objective 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 lowered their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two 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 stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN traded up $6.51 on Monday, reaching $185.51. The company's stock had a trading volume of 5,694,749 shares, compared to its average volume of 5,359,948. The stock's 50 day simple moving average is $187.47 and its two-hundred day simple moving average is $195.27. 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 has a market capitalization of $168.80 billion, a P/E ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39.

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 (EPS) for the quarter, beating 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 prior year, the business posted $1.49 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments's payout ratio is currently 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on 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 in the company, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % 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 valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Company 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.