Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 27,919 shares of the semiconductor company’s stock after selling 602 shares during the period. Fiduciary Group LLC’s holdings in Texas Instruments were worth $5,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXN. Teacher Retirement System of Texas lifted its position in shares of Texas Instruments by 11.8% during the fourth quarter. Teacher Retirement System of Texas now owns 214,870 shares of the semiconductor company’s stock worth $40,290,000 after purchasing an additional 22,699 shares in the last quarter. Generali Investments Management Co LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $1,332,000. Vinva Investment Management Ltd purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $1,661,000. North Forty Two & Co. acquired a new position in shares of Texas Instruments in the fourth quarter worth about $666,000. Finally, Brooklyn FI LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $959,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last three months. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $181.74 on Thursday. 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 1-year low of $159.11 and a 1-year high of $220.39. The business’s fifty day moving average price is $187.91 and its two-hundred day moving average price is $195.72. The firm has a market capitalization of $165.37 billion, a PE ratio of 35.02, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm posted $1.49 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.99%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

About Texas Instruments

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.