Sfmg LLC Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sfmg LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,344 shares of the semiconductor company’s stock after selling 2,475 shares during the quarter. Sfmg LLC’s holdings in Texas Instruments were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TXN. Promus Capital LLC purchased a new position in Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners purchased a new position in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth about $28,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments during the fourth quarter worth about $37,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two equities 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, the stock has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $179.00 on Friday. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The business has a 50 day moving average price of $187.47 and a two-hundred day moving average price of $195.37. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $162.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 quarter last year, the firm posted $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

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.