Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by North Growth Management Ltd.

North Growth Management Ltd. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 57,000 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Texas Instruments makes up about 2.1% of North Growth Management Ltd.’s portfolio, making the stock its 20th largest holding. North Growth Management Ltd.’s holdings in Texas Instruments were worth $10,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter valued at about $28,000. Financial Life Planners purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $27,000. Tsfg LLC lifted its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s 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 in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $180.00 on Friday. The company has a 50-day simple moving average of $189.75 and a 200-day simple moving average of $198.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market cap of $164.20 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 in the previous year, the company posted $1.49 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. Texas Instruments’s payout ratio is 104.82%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TXN shares. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. 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 research report on Wednesday, October 23rd. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Finally, Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.