Skba Capital Management LLC Sells 2,400 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Skba Capital Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,700 shares of the semiconductor company's stock after selling 2,400 shares during the period. Skba Capital Management LLC's holdings in Texas Instruments were worth $9,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in Texas Instruments by 12.9% in the 4th quarter. Clearbridge Investments LLC now owns 1,161,171 shares of the semiconductor company's stock worth $217,721,000 after acquiring an additional 132,754 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Texas Instruments by 13.3% in the fourth quarter. California Public Employees Retirement System now owns 4,637,188 shares of the semiconductor company's stock valued at $869,519,000 after acquiring an additional 544,104 shares in the last quarter. Life Planning Partners Inc purchased a new position in Texas Instruments during the 4th quarter valued at $5,274,000. RWA Wealth Partners LLC lifted its position in shares of Texas Instruments by 0.9% in the 4th quarter. RWA Wealth Partners LLC now owns 19,751 shares of the semiconductor company's stock worth $3,703,000 after purchasing an additional 185 shares during the period. Finally, Summit Securities Group LLC bought a new position in Texas Instruments in the fourth quarter worth about $27,000. Institutional investors own 84.99% of the company's stock.

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Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments 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 transaction, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. Company insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TXN shares. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Barclays decreased their target price on 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. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Benchmark reiterated a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $209.20.

Texas Instruments Stock Down 7.5 %

NASDAQ:TXN traded down $13.31 during mid-day trading on Thursday, hitting $164.89. The company had a trading volume of 5,511,259 shares, compared to its average volume of 5,742,205. The business has a fifty day simple moving average of $185.47 and a 200-day simple moving average of $194.24. The firm has a market capitalization of $150.03 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 3.30 and a beta of 0.99. 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 1 year low of $159.11 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $1.49 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.30%. Texas Instruments's payout ratio is 104.82%.

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.