Windsor Group LTD trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,363 shares of the semiconductor company’s stock after selling 543 shares during the period. Windsor Group LTD’s holdings in Texas Instruments were worth $1,537,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Texas Instruments by 3.1% during the 4th quarter. BlackRock Inc. now owns 70,859,730 shares of the semiconductor company’s stock valued at $11,630,207,000 after buying an additional 2,129,999 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,783,784 shares of the semiconductor company’s stock valued at $1,539,817,000 after buying an additional 57,367 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Texas Instruments by 3.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 4,657,837 shares of the semiconductor company’s stock valued at $665,093,000 after buying an additional 175,515 shares in the last quarter. California Public Employees Retirement System increased its position in Texas Instruments by 2.6% during the 4th quarter. California Public Employees Retirement System now owns 3,453,508 shares of the semiconductor company’s stock valued at $566,824,000 after buying an additional 88,987 shares in the last quarter. Finally, FIL Ltd increased its position in Texas Instruments by 21.3% during the 4th quarter. FIL Ltd now owns 3,129,510 shares of the semiconductor company’s stock valued at $513,646,000 after buying an additional 549,323 shares in the last quarter. 83.12% of the stock is owned by hedge funds and other institutional investors.
In other Texas Instruments news, VP Darla H. Whitaker sold 30,658 shares of the stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $177.41, for a total transaction of $5,439,035.78. Following the completion of the transaction, the vice president now owns 73,304 shares of the company’s stock, valued at $13,004,862.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 4,703 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $165.25, for a total value of $777,170.75. Following the transaction, the director now directly owns 12,491 shares of the company’s stock, valued at approximately $2,064,137.75. The disclosure for this sale can be found here. Insiders have sold 544,325 shares of company stock valued at $92,809,465 in the last three months. Insiders own 0.73% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.30. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. Texas Instruments’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 8th. Shareholders of record on Monday, February 1st were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.40%. Texas Instruments’s payout ratio is currently 77.86%.
Several research analysts recently issued reports on TXN shares. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, January 27th. Cascend Securities boosted their price target on Texas Instruments from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Raymond James upgraded Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, February 5th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $162.00 and gave the company an “underweight” rating in a research note on Wednesday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $165.71.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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