Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,545 shares of the semiconductor company's stock after selling 10,285 shares during the period. Texas Instruments comprises 2.5% of Donaldson Capital Management LLC's holdings, making the stock its 14th biggest holding. Donaldson Capital Management LLC's holdings in Texas Instruments were worth $54,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its position in shares of Texas Instruments by 16.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 60 shares during the period. International Assets Investment Management LLC lifted its position in shares of Texas Instruments by 2.8% in the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company's stock worth $416,000 after purchasing an additional 61 shares during the period. Polar Capital Holdings Plc lifted its position in shares of Texas Instruments by 0.6% in the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company's stock worth $1,802,000 after purchasing an additional 63 shares during the period. Abacus Planning Group Inc. lifted its position in shares of Texas Instruments by 3.7% in the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company's stock worth $285,000 after purchasing an additional 64 shares during the period. Finally, Riverview Trust Co lifted its position in shares of Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 66 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm's stock in a transaction 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 owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TXN has been the subject of several research reports. Mizuho lowered their price target on shares of Texas Instruments from $170.00 to $164.00 and set a "neutral" rating for the company in a research report on Wednesday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. KeyCorp increased their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Cantor Fitzgerald increased their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $166.00 to $165.00 and set a "hold" rating on the stock in a research note on Friday, February 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and an average price target of $174.42.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $0.02 during midday trading on Monday, reaching $166.35. The company's stock had a trading volume of 4,738,036 shares, compared to its average volume of 5,513,590. The firm has a market capitalization of $151.39 billion, a PE ratio of 23.56, a P/E/G ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The stock has a fifty day moving average of $167.76 and a 200 day moving average of $161.62. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business's quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 earnings per share. On average, equities analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.13%. Texas Instruments's dividend payout ratio is presently 73.65%.

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.