Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 384,293 shares of the semiconductor company’s stock after selling 4,560 shares during the quarter. Texas Instruments comprises about 4.4% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 9th largest holding. Wilkinson Global Asset Management LLC’s holdings in Texas Instruments were worth $72,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Legacy Advisors LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $482,000. Bank of Jackson Hole Trust acquired a new position in shares of Texas Instruments in the fourth quarter worth about $390,000. Callahan Advisors LLC boosted its holdings in Texas Instruments by 5.0% in the fourth quarter. Callahan Advisors LLC now owns 1,774 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 85 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Texas Instruments by 43.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 38,762 shares of the semiconductor company’s stock valued at $7,268,000 after buying an additional 11,729 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Texas Instruments by 1.1% during the 4th quarter. Venturi Wealth Management LLC now owns 75,816 shares of the semiconductor company’s stock worth $14,216,000 after acquiring an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TXN. Bank of America decreased their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. 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. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Up 1.9 %

NASDAQ:TXN opened at $186.46 on Wednesday. The business’s fifty day moving average price is $187.90 and its 200 day moving average price is $197.23. The firm has a market capitalization of $170.09 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.96 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results 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 period in the prior year, the business posted $1.49 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.