Wilkinson Global Asset Management LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wilkinson Global Asset Management LLC lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 384,293 shares of the semiconductor company's stock after selling 4,560 shares during the period. Texas Instruments comprises about 4.4% of Wilkinson Global Asset Management LLC's portfolio, making the stock its 9th biggest holding. Wilkinson Global Asset Management LLC's holdings in Texas Instruments were worth $72,059,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TXN. Howard Capital Management Group LLC bought a new stake in Texas Instruments during the 3rd quarter worth $202,000. Raleigh Capital Management Inc. grew its position in Texas Instruments by 13.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 553 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 65 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Texas Instruments by 31.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company's stock worth $1,337,000 after acquiring an additional 1,531 shares during the last quarter. Krane Funds Advisors LLC grew its position in Texas Instruments by 10.8% during the 3rd quarter. Krane Funds Advisors LLC now owns 2,959 shares of the semiconductor company's stock worth $611,000 after acquiring an additional 288 shares during the last quarter. Finally, Maple Capital Management Inc. grew its position in Texas Instruments by 4.2% during the 3rd quarter. Maple Capital Management Inc. now owns 215,378 shares of the semiconductor company's stock worth $44,491,000 after acquiring an additional 8,675 shares during the last quarter. 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 reports. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research 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 research report on Friday, January 24th. Barclays reduced their price target on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $209.20.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following 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 through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm'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 completion of the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 1.0 %

Texas Instruments stock traded down $1.96 during mid-day trading on Friday, reaching $202.00. The stock had a trading volume of 7,349,861 shares, compared to its average volume of 6,488,266. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock's 50-day simple moving average is $188.44 and its 200-day simple moving average is $197.42. The firm has a market capitalization of $183.89 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the firm earned $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments's dividend payout ratio is presently 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.