Principal Financial Group Inc. Sells 181,457 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Principal Financial Group Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,139,043 shares of the semiconductor company's stock after selling 181,457 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of Texas Instruments worth $235,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ grew its stake in Texas Instruments by 4.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock worth $45,535,000 after purchasing an additional 9,608 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock worth $33,909,000 after buying an additional 65,512 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock valued at $244,386,000 after acquiring an additional 1,029,741 shares during the period. Townsquare Capital LLC boosted its stake in Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock worth $19,353,000 after acquiring an additional 5,201 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Texas Instruments by 0.3% in the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock worth $558,255,000 after purchasing an additional 8,100 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating on the stock in a research report on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on shares of Texas Instruments in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $210.05.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $2.40 during mid-day trading on Friday, reaching $186.87. 11,440,271 shares of the company's stock were exchanged, compared to its average volume of 5,583,542. The firm has a market capitalization of $170.47 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. The firm has a 50-day moving average price of $200.49 and a two-hundred day moving average price of $200.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company's revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.91%. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio is 101.12%.

About Texas Instruments

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.