Cullinan Associates Inc. Has $14.71 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cullinan Associates Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,290 shares of the semiconductor company's stock after selling 42,643 shares during the period. Texas Instruments accounts for 0.8% of Cullinan Associates Inc.'s holdings, making the stock its 28th biggest holding. Cullinan Associates Inc.'s holdings in Texas Instruments were worth $14,709,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TXN. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth $1,548,365,000. Moneta Group Investment Advisors LLC lifted its holdings in Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company's stock valued at $1,381,785,000 after buying an additional 8,349,393 shares during the period. Morgan Stanley lifted its holdings in Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company's stock valued at $2,434,572,000 after buying an additional 5,191,426 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company's stock valued at $2,685,836,000 after buying an additional 1,779,273 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company's stock valued at $288,687,000 after buying an additional 1,439,066 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $1.03 on Friday, reaching $167.50. 5,011,370 shares of the company traded hands, compared to its average volume of 5,587,369. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a 50 day moving average of $166.77 and a 200 day moving average of $161.22. The firm has a market capitalization of $152.44 billion, a PE ratio of 23.73, a PEG ratio of 3.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm earned $2.13 EPS. The company's revenue was down 12.7% compared to the same quarter last year. Equities analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Tuesday, January 30th. Texas Instruments's payout ratio is currently 73.65%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TXN shares. Mizuho dropped their target price on shares of Texas Instruments from $170.00 to $164.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and set a $170.00 price objective on shares of Texas Instruments in a report on Monday, March 4th. TD Cowen upped their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the company a "market perform" rating in a report on Wednesday, January 24th. Barclays dropped their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Finally, UBS Group upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the company from $170.00 to $195.00 in a report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $173.89.

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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