Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,037,262 shares of the semiconductor company's stock after selling 42,628 shares during the period. Ensign Peak Advisors Inc owned about 0.11% of Texas Instruments worth $194,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.6%

Shares of TXN traded down $1.19 during mid-day trading on Wednesday, hitting $187.01. 4,060,639 shares of the company's stock were exchanged, compared to its average volume of 6,283,810. The company has a market cap of $169.89 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock's 50-day moving average is $167.11 and its 200-day moving average is $184.84.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.91%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at $82,914,158.52. This trade represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a report on Monday, April 7th. Finally, KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $189.41.

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.