Spinnaker Trust Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Spinnaker Trust lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,719 shares of the semiconductor company’s stock after selling 112 shares during the quarter. Spinnaker Trust’s holdings in Texas Instruments were worth $9,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after acquiring an additional 4,337,295 shares during the period. Van ECK Associates Corp lifted its position in shares of Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after acquiring an additional 1,345,629 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after acquiring an additional 782,053 shares during the period. International Assets Investment Management LLC lifted its position in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after acquiring an additional 609,905 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after acquiring an additional 487,892 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.2 %

Shares of TXN opened at $183.03 on Friday. The stock has a fifty day moving average of $188.38 and a two-hundred day moving average of $197.51. 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 company has a market capitalization of $166.96 billion, a PE ratio of 35.27, 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 $158.90 and a fifty-two week high of $220.38.

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

Texas Instruments Announces Dividend

The business 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 of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity

In other 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 transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXN. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on 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. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.