Elo Mutual Pension Insurance Co Has $15.62 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Elo Mutual Pension Insurance Co trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,322 shares of the semiconductor company’s stock after selling 3,210 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Texas Instruments were worth $15,624,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in Texas Instruments during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $37,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Truist Financial dropped their target price 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $184.49 on Thursday. The stock has a 50-day simple moving average of $186.90 and a 200 day simple moving average of $194.99. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The stock has a market capitalization of $167.87 billion, a PE ratio of 35.55, a P/E/G ratio of 3.30 and a beta of 0.98. 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 issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 earned $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.95%. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction 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 directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by company insiders.

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.