Sompo Asset Management Co. Ltd. Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sompo Asset Management Co. Ltd. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,429 shares of the semiconductor company's stock after selling 2,028 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in Texas Instruments were worth $3,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth approximately $2,584,490,000. Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company's stock worth $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 2,237,035 shares in the last quarter. Invesco Ltd. lifted its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after acquiring an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Texas Instruments during the fourth quarter worth $295,665,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TXN shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research note on Thursday. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday. Citigroup cut their target price on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and an average target price of $189.41.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last quarter. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $2.60 on Monday, reaching $160.26. The stock had a trading volume of 2,421,515 shares, compared to its average volume of 6,179,168. The business's 50 day moving average is $174.21 and its two-hundred day moving average is $187.59. The company has a market cap of $145.83 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 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 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be given a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.39%. Texas Instruments's payout ratio is 103.23%.

Texas Instruments 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.