TIAA Trust National Association Sells 4,506 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

TIAA Trust National Association reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,513 shares of the semiconductor company's stock after selling 4,506 shares during the period. TIAA Trust National Association's holdings in Texas Instruments were worth $5,909,000 as of its most recent SEC filing.

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

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Analyst Ratings Changes

Several research firms have recently weighed in on TXN. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note 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 note on Friday, January 24th. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, 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 note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $209.20.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last quarter. 0.57% of the stock is currently owned by insiders.

Texas Instruments Price Performance

TXN stock traded down $4.43 during trading on Friday, reaching $176.33. The company's stock had a trading volume of 5,490,538 shares, compared to its average volume of 5,708,235. The company's fifty day moving average is $186.45 and its 200-day moving average is $194.68. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39. The company has a market capitalization of $160.45 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, January 31st. Texas Instruments's dividend payout ratio is presently 104.82%.

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.