Wellington Management Group LLP Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wellington Management Group LLP trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,880,014 shares of the semiconductor company's stock after selling 1,167,511 shares during the period. Texas Instruments makes up 0.7% of Wellington Management Group LLP's investment portfolio, making the stock its 22nd largest holding. Wellington Management Group LLP owned about 2.29% of Texas Instruments worth $3,915,211,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. HF Advisory Group LLC boosted its holdings in Texas Instruments by 0.6% in the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after acquiring an additional 52 shares in the last quarter. Blossom Wealth Management raised its position in shares of Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock worth $213,000 after purchasing an additional 55 shares during the period. OLD Second National Bank of Aurora grew its position in Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock valued at $107,000 after purchasing an additional 57 shares during the period. Avitas Wealth Management LLC increased its stake in Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock valued at $2,032,000 after purchasing an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its holdings in Texas Instruments by 5.2% during the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company's stock worth $226,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

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Insider Buying and Selling

In related news, Director Mark A. Blinn sold 590 shares of the company's 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 transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now 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 disclosure for this sale can be found here. Over the last quarter, 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 Stock Performance

Shares of NASDAQ:TXN traded up $0.20 during midday trading on Wednesday, reaching $178.19. 4,327,245 shares of the company traded hands, compared to its average volume of 5,731,387. 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 capitalization of $162.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The firm's fifty day moving average price is $185.85 and its two-hundred day moving average price is $194.36.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates 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 period last year, the company earned $1.49 earnings per share. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.05%. Texas Instruments's payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Barclays dropped their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Truist Financial dropped their price objective on 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, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $209.20.

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.