Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,897 shares of the semiconductor company's stock after selling 7,932 shares during the quarter. USS Investment Management Ltd's holdings in Texas Instruments were worth $42,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $25,000. Financial Life Planners bought a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $28,000. Finally, Atala Financial Inc bought a new position in Texas Instruments in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Down 0.1%

Texas Instruments stock opened at $188.34 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market capitalization of $171.10 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The company's fifty day moving average price is $167.54 and its two-hundred day moving average price is $184.17.

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, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is 103.23%.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock worth $59,734,685 over the last quarter. Company insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial cut their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Argus upgraded Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.

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