Pinnacle West Asset Management Inc. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Pinnacle West Asset Management Inc. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,580 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Pinnacle West Asset Management Inc.’s holdings in Texas Instruments were worth $1,421,000 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. Howard Capital Management Group LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $202,000. Salomon & Ludwin LLC raised its position in shares of Texas Instruments by 16.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 459 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 64 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Texas Instruments by 4.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,848 shares of the semiconductor company’s stock valued at $795,000 after purchasing an additional 148 shares in the last quarter. Autumn Glory Partners LLC raised its position in shares of Texas Instruments by 41.5% in the 3rd quarter. Autumn Glory Partners LLC now owns 7,286 shares of the semiconductor company’s stock valued at $1,508,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC raised its position in shares of Texas Instruments by 4.0% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 34,676 shares of the semiconductor company’s stock valued at $6,991,000 after purchasing an additional 1,332 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm’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 owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,655 shares of company stock valued at $40,665,374. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Trading Down 0.4 %

NASDAQ:TXN opened at $199.98 on Wednesday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The stock has a market cap of $182.05 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.30 and a beta of 0.97. The business has a fifty day moving average of $188.91 and a 200-day moving average of $197.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 business earned $1.49 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. Texas Instruments’s payout ratio is 104.82%.

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.