Texas Instruments Incorporated (NASDAQ:TXN) Holdings Reduced by Zacks Investment Management

Zacks Investment Management cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,023 shares of the semiconductor company's stock after selling 15,490 shares during the quarter. Zacks Investment Management's holdings in Texas Instruments were worth $22,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Promus Capital LLC acquired a new stake in Texas Instruments during the fourth quarter worth $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Texas Instruments in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Tuesday. UBS Group decreased their target price on Texas Instruments from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $204.24.

Texas Instruments Trading Up 0.7 %

Shares of Texas Instruments stock traded up $1.00 during trading hours on Tuesday, hitting $146.61. The company's stock had a trading volume of 2,005,056 shares, compared to its average volume of 6,116,061. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average of $176.39 and a 200 day moving average of $188.90. The company has a market capitalization of $133.40 billion, a PE ratio of 28.29, a P/E/G ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter last year, the firm posted $1.49 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, April 30th. Texas Instruments's payout ratio 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.