Chevy Chase Trust Holdings LLC Has $90.53 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Chevy Chase Trust Holdings LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 482,779 shares of the semiconductor company’s stock after selling 10,848 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Texas Instruments were worth $90,526,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TXN. Financial Life Planners acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $180.80 on Friday. The stock has a market cap of $164.93 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $156.57 and a fifty-two week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a fifty day moving average of $188.63 and a 200-day moving average of $197.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned $1.49 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TXN shares. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Susquehanna dropped their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Bank of America dropped their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.20.

About Texas Instruments

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.