McGowan Group Asset Management Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,728 shares of the semiconductor company's stock after selling 9,000 shares during the period. McGowan Group Asset Management Inc.'s holdings in Texas Instruments were worth $5,012,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Fiduciary Alliance LLC increased its position in Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after buying an additional 3,707 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Texas Instruments by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after buying an additional 4,238 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in shares of Texas Instruments by 9.2% in the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after acquiring an additional 73,715 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Texas Instruments by 36.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,710 shares of the semiconductor company's stock valued at $3,321,000 after acquiring an additional 4,761 shares in the last quarter. 84.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on TXN shares. UBS Group lowered their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $189.41.
View Our Latest Stock Analysis on Texas Instruments
Insider Activity
In related 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 value 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. This trade represents a 35.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,065 shares of company stock worth $59,734,685. Company insiders own 0.57% of the company's stock.
Texas Instruments Trading Up 0.4%
TXN stock traded up $0.67 during mid-day trading on Friday, reaching $188.50. The company's stock had a trading volume of 4,504,011 shares, compared to its average volume of 6,300,665. The company has a market cap of $171.25 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The business's 50 day moving average price is $167.29 and its 200 day moving average price is $184.42. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business posted $1.10 EPS. Texas Instruments's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.
About Texas Instruments
(
Free Report)
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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