Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Hendershot Investments Inc.

Hendershot Investments Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,568 shares of the semiconductor company's stock after selling 20,541 shares during the period. Hendershot Investments Inc.'s holdings in Texas Instruments were worth $4,699,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TXN. Bollard Group LLC lifted its stake in Texas Instruments by 4.6% during the second quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company's stock worth $248,000 after purchasing an additional 60 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Texas Instruments by 16.8% during the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 60 shares during the period. International Assets Investment Management LLC increased its position in shares of Texas Instruments by 2.8% during the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company's stock worth $416,000 after acquiring an additional 61 shares during the period. Polar Capital Holdings Plc increased its position in shares of Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company's stock worth $1,802,000 after acquiring an additional 63 shares during the period. Finally, Abacus Planning Group Inc. increased its position in shares of Texas Instruments by 3.7% during the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company's stock worth $285,000 after acquiring an additional 64 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 2.6 %

Texas Instruments stock traded down $4.54 during trading on Wednesday, reaching $168.92. 5,662,575 shares of the company's stock were exchanged, compared to its average volume of 5,542,170. The company's 50-day moving average is $167.07 and its two-hundred day moving average is $161.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The firm has a market cap of $153.73 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 3.65 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping 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 analysts' expectations of $4.12 billion. During the same period in the prior year, the company earned $2.13 EPS. The firm's revenue was down 12.7% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were given a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.08%. Texas Instruments's payout ratio is currently 73.65%.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Susquehanna dropped their target price on Texas Instruments from $205.00 to $200.00 and set a "positive" rating on the stock in a report on Wednesday, January 24th. Truist Financial dropped their target price on Texas Instruments from $166.00 to $165.00 and set a "hold" rating on the stock in a report on Friday, February 9th. 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 research note on Friday, January 19th. Mizuho decreased their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a "neutral" rating for the company in a research note on Wednesday, January 24th. Finally, Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 24th. Three equities 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $174.42.

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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