Amica Retiree Medical Trust Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Amica Retiree Medical Trust reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,108 shares of the semiconductor company’s stock after selling 795 shares during the period. Amica Retiree Medical Trust’s holdings in Texas Instruments were worth $770,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $202,000. Quest Partners LLC acquired a new stake in shares of Texas Instruments in the 3rd quarter worth $226,000. Great Valley Advisor Group Inc. boosted its holdings in Texas Instruments by 5.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock valued at $483,000 after purchasing an additional 111 shares in the last quarter. FMR LLC boosted its stake in shares of Texas Instruments by 4.1% in the third quarter. FMR LLC now owns 2,702,653 shares of the semiconductor company’s stock valued at $558,287,000 after buying an additional 106,002 shares in the last quarter. Finally, Avestar Capital LLC grew its stake in shares of Texas Instruments by 14.2% during the 3rd quarter. Avestar Capital LLC now owns 5,380 shares of the semiconductor company’s stock worth $1,111,000 after purchasing an additional 670 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. 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. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays lowered their price objective 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. Truist Financial cut their target price 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, Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Up 0.3 %

Shares of Texas Instruments stock opened at $184.49 on Thursday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The stock has a market cap of $167.87 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $186.90 and a 200 day moving average price of $194.99.

Texas Instruments (NASDAQ:TXN) last posted 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 earned $1.49 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared 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 2.95%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In other 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 transaction of $1,234,955.30. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $202.72, for a total transaction 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 represents a 19.17 % 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 worth $59,841,304 in the last quarter. 0.57% of the stock is 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.