Kessler Investment Group LLC Sells 140 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kessler Investment Group LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,044 shares of the semiconductor company’s stock after selling 140 shares during the quarter. Kessler Investment Group LLC’s holdings in Texas Instruments were worth $196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BXM Wealth LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $717,000. PUREfi Wealth LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $293,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock valued at $25,942,000 after purchasing an additional 17,840 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Texas Instruments by 52.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 10,756 shares of the semiconductor company’s stock valued at $2,017,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Asset Planning Inc bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $117,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.2 %

TXN stock opened at $183.03 on Friday. The firm’s fifty day simple moving average is $188.38 and its 200-day simple moving average is $197.51. The company has a market capitalization of $166.96 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 12 month low of $158.90 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 prior year, the company posted $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Finally, Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on 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. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

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.