Zurich Insurance Group Ltd FI Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Zurich Insurance Group Ltd FI lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 350,793 shares of the semiconductor company's stock after selling 72,518 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Texas Instruments were worth $65,777,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Promus Capital LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

TXN has been the topic of several recent research reports. KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note 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 on the stock in a research note on Thursday, April 24th. TD Securities reissued a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $189.41.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated 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 transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,065 shares of company stock worth $59,734,685. Corporate insiders own 0.57% of the company's stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $188.34 on Tuesday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. 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's 50-day simple moving average is $167.54 and its 200 day simple moving average is $184.17. The firm has a market capitalization of $171.10 billion, a PE ratio of 36.29, a P/E/G ratio of 3.30 and a beta of 0.97.

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

Texas Instruments Dividend Announcement

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

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.

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