Texas Instruments Incorporated (NASDAQ:TXN) Position Lowered by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,500 shares of the semiconductor company’s stock after selling 10,200 shares during the period. Intact Investment Management Inc.’s holdings in Texas Instruments were worth $11,344,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Promus Capital LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the third quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $28,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’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 transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $173.60 on Friday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $157.96 billion, a PE ratio of 33.45, a P/E/G ratio of 3.30 and a beta of 0.98. The company’s 50 day simple moving average is $188.89 and its 200 day simple moving average is $196.69.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXN. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays dropped their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $209.20.

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.