Texas Instruments Incorporated (NASDAQ:TXN) Holdings Decreased by First Manhattan CO. LLC.

First Manhattan CO. LLC. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,430 shares of the semiconductor company's stock after selling 3,439 shares during the quarter. First Manhattan CO. LLC.'s holdings in Texas Instruments were worth $5,518,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TXN. FORA Capital LLC acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $6,705,000. Fundsmith Investment Services LTD. boosted its stake in shares of Texas Instruments by 3.7% in the fourth quarter. Fundsmith Investment Services LTD. now owns 503,887 shares of the semiconductor company's stock valued at $94,484,000 after purchasing an additional 18,009 shares during the period. Clark Capital Management Group Inc. grew its holdings in Texas Instruments by 0.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 198,818 shares of the semiconductor company's stock valued at $37,280,000 after purchasing an additional 752 shares in the last quarter. Deutsche Bank AG increased its stake in Texas Instruments by 1.0% during the 4th quarter. Deutsche Bank AG now owns 3,659,034 shares of the semiconductor company's stock worth $686,105,000 after buying an additional 34,681 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in Texas Instruments by 3.7% in the 4th quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock worth $320,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXN. Summit Insights lowered Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Citigroup dropped their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark reduced their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Truist Financial reduced their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $189.41.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments 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 transaction, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

TXN stock traded up $0.92 on Tuesday, reaching $188.20. The company's stock had a trading volume of 9,836,650 shares, compared to its average volume of 6,292,083. The company has a market capitalization of $170.97 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The firm has a fifty day moving average of $167.13 and a two-hundred day moving average of $184.82.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm 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%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a $1.36 dividend. The ex-dividend date is 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%.

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.