Pathstone Holdings LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Pathstone Holdings LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,580 shares of the semiconductor company's stock after selling 1,369 shares during the period. Pathstone Holdings LLC's holdings in Texas Instruments were worth $21,482,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Assenagon Asset Management S.A. raised its position in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock valued at $899,044,000 after purchasing an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Invesco Ltd. raised its position in Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Texas Instruments in the 4th quarter valued at about $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 over the last quarter. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TXN. Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target on the stock in a research report on Monday, April 7th. Stifel Nicolaus reduced their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Argus raised Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Mizuho set a $170.00 price target on Texas Instruments in a research report on Thursday, April 24th. Finally, Benchmark reduced their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $189.41.

Texas Instruments Stock Performance

TXN traded up $0.67 during trading on Friday, hitting $188.50. 4,504,011 shares of the stock were exchanged, compared to its average volume of 6,300,665. The firm has a market capitalization of $171.25 billion, a P/E ratio of 36.32, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The stock has a fifty day moving average price of $167.29 and a two-hundred day moving average price of $184.42. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.89%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

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.