Massachusetts Financial Services Co. MA Sells 1,610,812 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Massachusetts Financial Services Co. MA decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,849,170 shares of the semiconductor company's stock after selling 1,610,812 shares during the period. Massachusetts Financial Services Co. MA owned about 0.97% of Texas Instruments worth $1,508,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TXN. Partnership Wealth Management LLC acquired a new stake in Texas Instruments during the 4th quarter worth about $102,000. Avantax Advisory Services Inc. raised its position in shares of Texas Instruments by 2.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 28,876 shares of the semiconductor company's stock valued at $4,922,000 after buying an additional 678 shares during the last quarter. Wambolt & Associates LLC lifted its position in Texas Instruments by 15.9% during the fourth quarter. Wambolt & Associates LLC now owns 11,055 shares of the semiconductor company's stock worth $1,884,000 after buying an additional 1,519 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in Texas Instruments by 2.2% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 11,595 shares of the semiconductor company's stock valued at $1,977,000 after purchasing an additional 255 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Texas Instruments by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 1,340,953 shares of the semiconductor company's stock worth $228,579,000 after purchasing an additional 34,480 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.9 %

Texas Instruments stock traded up $1.73 during mid-day trading on Friday, hitting $187.05. The stock had a trading volume of 5,606,758 shares, compared to its average volume of 6,103,821. The stock has a market capitalization of $170.31 billion, a PE ratio of 29.18, a P/E/G ratio of 3.98 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock has a 50-day simple moving average of $172.48 and a two-hundred day simple moving average of $164.27.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm's quarterly revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.22 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. 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 is currently 81.12%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred 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 transaction, the chairman now directly owns 403,851 shares of the company's stock, valued at $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were 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 in the company, valued at $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 over the last ninety days. Insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TXN. UBS Group raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. Truist Financial raised their price target on Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, April 24th. The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the company a "sell" rating in a research note on Wednesday, April 24th. Rosenblatt Securities restated a "buy" rating and issued a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Stifel Nicolaus lifted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a "hold" rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and an average target price of $180.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.