Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,598 shares of the semiconductor company’s stock after selling 542 shares during the quarter. Davis R M Inc.’s holdings in Texas Instruments were worth $1,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter worth about $27,000. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the 4th quarter worth about $28,000. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s 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 completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was 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 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho decreased their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Down 4.9 %

Shares of NASDAQ:TXN opened at $177.34 on Wednesday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $161.36 billion, a P/E ratio of 34.17, a P/E/G ratio of 3.30 and a beta of 0.98. The stock’s 50-day moving average is $189.39 and its 200-day moving average is $197.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the company posted $1.49 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.07%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.