Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Point72 Italy S.r.l.

Point72 Italy S.r.l. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,769 shares of the semiconductor company's stock after selling 33,583 shares during the quarter. Texas Instruments makes up 1.8% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 16th largest position. Point72 Italy S.r.l.'s holdings in Texas Instruments were worth $3,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Promus Capital LLC purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $28,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Up 0.4%

Shares of TXN traded up $0.67 during midday trading on Friday, hitting $188.50. 4,504,011 shares of the company's stock traded hands, compared to its average volume of 6,300,665. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The firm's fifty day moving average is $167.29 and its 200-day moving average is $184.42. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $171.25 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business 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 of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,914,158.52. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. Company insiders own 0.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Argus upgraded Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Rosenblatt Securities restated a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Citigroup lowered their target price on Texas Instruments from $235.00 to $210.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, TD Securities restated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $189.41.

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.