Voya Investment Management LLC Sells 463,733 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Voya Investment Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 36.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 797,957 shares of the semiconductor company's stock after selling 463,733 shares during the period. Voya Investment Management LLC owned about 0.09% of Texas Instruments worth $149,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new position in Texas Instruments in the 3rd quarter valued at $202,000. Invst LLC bought a new stake in shares of Texas Instruments during the 3rd quarter valued at $209,000. Anchor Investment Management LLC lifted its holdings in Texas Instruments by 25.7% during the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock worth $2,403,000 after purchasing an additional 2,378 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in Texas Instruments by 1.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock worth $3,842,000 after purchasing an additional 197 shares during the period. Finally, World Investment Advisors LLC boosted its position in Texas Instruments by 156.4% during the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock valued at $1,444,000 after buying an additional 4,266 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $1.76 during trading hours on Wednesday, reaching $157.65. The company had a trading volume of 1,580,566 shares, compared to its average volume of 6,181,327. The firm's 50 day moving average price is $172.66 and its 200-day moving average price is $187.11. The firm has a market cap of $143.45 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 3.30 and a beta of 0.99. 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 Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. Texas Instruments's revenue was up 11.1% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.45%. Texas Instruments's payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXN shares. Stifel Nicolaus decreased their target price on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a report on Friday, April 25th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Texas Instruments has an average rating of "Hold" and an average price target of $189.41.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now 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 document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

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.