Van Hulzen Asset Management LLC Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Van Hulzen Asset Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,838 shares of the semiconductor company's stock after selling 4,092 shares during the period. Van Hulzen Asset Management LLC's holdings in Texas Instruments were worth $3,893,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Annapolis Financial Services LLC grew its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments during the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TXN shares. Susquehanna lifted their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, April 24th. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Truist Financial lifted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a "hold" rating in a research note on Wednesday, April 24th. UBS Group raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, KeyCorp lifted their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments has an average rating of "Hold" and an average price target of $180.74.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company's stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 in the last quarter. Insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

TXN traded up $1.73 during trading hours on Friday, hitting $187.05. The company's stock had a trading volume of 5,605,907 shares, compared to its average volume of 6,085,253. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a 50-day simple moving average of $172.16 and a 200 day simple moving average of $163.87. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $170.31 billion, a PE ratio of 29.18, a PEG ratio of 3.87 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm posted $1.85 EPS. Texas Instruments's revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.78%. Texas Instruments's dividend payout ratio (DPR) is 81.12%.

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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