Voya Investment Management LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Voya Investment Management LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 36.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797,957 shares of the semiconductor company's stock after selling 463,733 shares during the period. Voya Investment Management LLC owned about 0.09% of Texas Instruments worth $149,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new stake in Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth $27,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the 4th quarter worth $28,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 6.6 %

NASDAQ TXN opened at $162.13 on Friday. The stock has a market cap of $147.53 billion, a P/E ratio of 31.24, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a fifty day simple moving average of $174.68 and a two-hundred day simple moving average of $188.09.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.36%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday. Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Citigroup cut their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Rosenblatt Securities restated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a report on Thursday. Finally, KeyCorp cut their price target on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $190.67.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This trade represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by insiders.

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.

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