Troy Asset Management Ltd Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Troy Asset Management Ltd lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 135,991 shares of the semiconductor company's stock after selling 47,221 shares during the period. Texas Instruments comprises 0.9% of Troy Asset Management Ltd's holdings, making the stock its 25th biggest position. Troy Asset Management Ltd's holdings in Texas Instruments were worth $25,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $25,000. Financial Life Planners acquired a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $28,000. Finally, Atala Financial Inc acquired a new stake in Texas Instruments during the 4th quarter valued at approximately $37,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 1.9 %

Shares of TXN stock traded up $3.37 during trading on Monday, hitting $179.70. 9,222,653 shares of the stock traded hands, compared to its average volume of 5,722,234. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The firm has a market capitalization of $163.51 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The firm's fifty day moving average price is $186.45 and its 200-day moving average price is $194.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

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Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results 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 prior year, the company earned $1.49 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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. This represents a $5.44 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Mizuho lowered their price objective 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. Wells Fargo & Company cut 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 report on Monday, January 13th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have issued 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 an average price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, 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 sold a total of 297,655 shares of company stock worth $59,841,304 over the last three months. Insiders own 0.57% of the company's stock.

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.