Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 64.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the semiconductor company’s stock after selling 45,000 shares during the period. Telemark Asset Management LLC’s holdings in Texas Instruments were worth $4,688,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC lifted its stake in shares of Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after purchasing an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 3,707 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after purchasing an additional 4,238 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Texas Instruments by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock valued at $558,255,000 after purchasing an additional 8,100 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TXN. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

TXN stock opened at $175.70 on Thursday. 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 Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The stock’s 50 day moving average is $189.16 and its two-hundred day moving average is $196.85. The company has a market capitalization of $159.87 billion, a PE ratio of 33.85, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 in the prior year, the business posted $1.49 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.10%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is currently owned by insiders.

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.