NZS Capital LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,500 shares of the semiconductor company's stock after selling 54,786 shares during the period. Texas Instruments makes up about 3.4% of NZS Capital LLC's investment portfolio, making the stock its 6th biggest position. NZS Capital LLC's holdings in Texas Instruments were worth $79,410,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC increased its stake in shares of Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 3,707 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after acquiring an additional 4,238 shares during the last quarter. Hamlin Capital Management LLC lifted its position in shares of Texas Instruments by 9.2% in the fourth quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after acquiring an additional 73,715 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Texas Instruments by 0.8% during the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company's stock valued at $1,466,003,000 after acquiring an additional 55,690 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $162.86 on Friday. The firm's fifty day simple moving average is $174.21 and its 200 day simple moving average is $187.70. 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 twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market capitalization of $148.19 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.30 and a beta of 0.99.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 104.82%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on TXN shares. Benchmark cut their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday. Citigroup cut their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research report on Friday, April 11th. KeyCorp decreased their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday. Cantor Fitzgerald lowered their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wells Fargo & Company decreased their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $189.41.
Check Out Our Latest Research Report on TXN
Insider Activity
In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated 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 sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the 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 directly owns 11,717 shares of the company's stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. Company insiders own 0.57% of the company's stock.
About Texas Instruments
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Free Report)
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.
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