Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,413 shares of the semiconductor company's stock after selling 2,317 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Texas Instruments were worth $2,140,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Douglass Winthrop Advisors LLC lifted its holdings in shares of Texas Instruments by 22.1% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 6,117 shares of the semiconductor company's stock valued at $1,147,000 after buying an additional 1,106 shares during the period. iA Global Asset Management Inc. lifted its holdings in Texas Instruments by 5.6% in the fourth quarter. iA Global Asset Management Inc. now owns 98,323 shares of the semiconductor company's stock valued at $18,437,000 after acquiring an additional 5,248 shares during the period. Talos Asset Management LP purchased a new position in Texas Instruments in the fourth quarter worth about $24,545,000. Teacher Retirement System of Texas grew its stake in shares of Texas Instruments by 11.8% during the 4th quarter. Teacher Retirement System of Texas now owns 214,870 shares of the semiconductor company's stock valued at $40,290,000 after purchasing an additional 22,699 shares during the period. Finally, Generali Investments Management Co LLC bought a new position in shares of Texas Instruments in the 4th quarter worth approximately $1,332,000. 84.99% of the stock is currently owned by institutional investors.

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Texas Instruments Trading Up 0.3 %

Shares of NASDAQ TXN traded up $0.52 during trading hours on Wednesday, hitting $184.49. 5,813,052 shares of the company traded hands, compared to its average volume of 5,363,390. The stock has a market capitalization of $167.87 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company's 50 day moving average price is $187.16 and its 200 day moving average price is $195.06. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. 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 (NASDAQ:TXN - Get Free Report) last released 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 last year, the firm posted $1.49 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.95%. Texas Instruments's dividend payout ratio is presently 104.82%.

Analysts Set New Price Targets

A number of brokerages have commented on TXN. Wells Fargo & Company reduced 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. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $209.20.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. Corporate insiders own 0.57% of the company's stock.

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.