Texas Instruments Incorporated (NASDAQ:TXN) Position Reduced by Zeno Equity Partners LLP

Zeno Equity Partners LLP lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,678 shares of the semiconductor company's stock after selling 14,104 shares during the period. Texas Instruments comprises 7.8% of Zeno Equity Partners LLP's investment portfolio, making the stock its 8th biggest holding. Zeno Equity Partners LLP's holdings in Texas Instruments were worth $26,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Assenagon Asset Management S.A. increased its stake in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after buying an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at about $295,665,000. Van ECK Associates Corp increased its stake in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company's stock valued at $1,408,925,000 after buying an additional 1,345,629 shares during the last quarter. Finally, Amundi increased its stake in Texas Instruments by 23.4% in the 4th quarter. Amundi now owns 6,650,490 shares of the semiconductor company's stock valued at $1,274,633,000 after buying an additional 1,262,365 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

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Analysts Set New Price Targets

TXN has been the subject of a number of research reports. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays reduced their target price on shares of 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. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 target price 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 given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $209.20.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction 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 in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ TXN traded down $1.68 on Friday, hitting $179.00. The stock had a trading volume of 11,789,596 shares, compared to its average volume of 5,358,604. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $162.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The firm has a 50-day moving average of $187.47 and a 200-day moving average of $195.27.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 period in the previous year, the firm posted $1.49 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is currently 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.