First Foundation Advisors Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Foundation Advisors reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,254 shares of the semiconductor company's stock after selling 3,759 shares during the quarter. First Foundation Advisors' holdings in Texas Instruments were worth $7,548,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TXN. Vanguard Group Inc. raised its position in Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the period. Geode Capital Management LLC raised its position in shares of Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. increased its stake in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock worth $2,382,684,000 after buying an additional 822,797 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 0.5 %

Shares of TXN traded down $0.74 during midday trading on Tuesday, hitting $150.24. 2,562,342 shares of the stock were exchanged, compared to its average volume of 6,081,899. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market cap of $136.71 billion, a P/E ratio of 28.95, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The stock has a fifty day simple moving average of $179.65 and a 200 day simple moving average of $190.83.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $1.49 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.62%. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TXN shares. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Benchmark reaffirmed a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Barclays reduced 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 report on Friday, January 24th. Citigroup dropped 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 note on Friday. Finally, Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has issued a strong 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 $208.76.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, 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 worth $59,841,304. Corporate insiders own 0.57% of the company's stock.

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.