Mercer Global Advisors Inc. ADV Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Mercer Global Advisors Inc. ADV decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,289 shares of the semiconductor company's stock after selling 3,843 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Texas Instruments were worth $26,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TXN. Vanguard Group Inc. boosted its position in shares of Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after acquiring an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Texas Instruments by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. grew its position in shares of Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

NASDAQ TXN traded up $6.25 on Friday, reaching $164.51. 7,642,365 shares of the company's stock traded hands, compared to its average volume of 6,211,865. 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 12 month low of $139.95 and a 12 month high of $220.39. The stock has a 50-day simple moving average of $170.27 and a 200 day simple moving average of $186.15. The stock has a market cap of $149.45 billion, a PE ratio of 31.70, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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 issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Analysts Set New Price Targets

TXN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup decreased their price target on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday, April 24th. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald lowered their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock 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 issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $189.41.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated 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 completion of the transaction, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company's stock.

Texas Instruments 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.