Fmr LLC Has $437.22 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

FMR LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,331,700 shares of the semiconductor company's stock after selling 370,953 shares during the period. FMR LLC owned approximately 0.26% of Texas Instruments worth $437,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the 3rd quarter valued at about $202,000. Continuum Advisory LLC lifted its position in Texas Instruments by 4.2% in the third quarter. Continuum Advisory LLC now owns 2,331 shares of the semiconductor company's stock valued at $480,000 after acquiring an additional 94 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Texas Instruments during the third quarter worth about $211,000. Empire Financial Management Company LLC boosted its position in shares of Texas Instruments by 2.4% in the 3rd quarter. Empire Financial Management Company LLC now owns 12,296 shares of the semiconductor company's stock valued at $2,540,000 after purchasing an additional 292 shares during the period. Finally, Toronto Dominion Bank increased its position in Texas Instruments by 27.2% during the third quarter. Toronto Dominion Bank now owns 566,362 shares of the semiconductor company's stock worth $116,993,000 after buying an additional 121,087 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.4 %

Shares of TXN traded up $0.66 during trading hours on Tuesday, reaching $151.64. The company's stock had a trading volume of 1,395,198 shares, compared to its average volume of 6,077,035. The company has a 50 day moving average of $179.65 and a two-hundred day moving average of $190.83. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $137.98 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 3.30 and a beta of 0.99. 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 quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 period in the previous year, the company earned $1.49 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 dividend on an annualized basis and a yield of 3.59%. Texas Instruments's payout ratio is presently 104.82%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TXN shares. Citigroup dropped their price target on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Barclays reduced their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $208.76.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction 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 owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is currently owned by company insiders.

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.