Legal & General Group Plc Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Legal & General Group Plc decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,489,984 shares of the semiconductor company’s stock after selling 2,463,306 shares during the period. Legal & General Group Plc owned approximately 0.71% of Texas Instruments worth $1,216,937,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. HF Advisory Group LLC increased its position in Texas Instruments by 0.6% in the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after buying an additional 52 shares in the last quarter. Blossom Wealth Management grew its holdings in Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 57 shares during the period. Avitas Wealth Management LLC lifted its holdings in shares of Texas Instruments by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 59 shares in the last quarter. Finally, Augustine Asset Management Inc. boosted its position in shares of Texas Instruments by 5.2% in the fourth quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 60 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction 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 owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $151.39 on Monday. 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 firm’s fifty day simple moving average is $184.06 and its 200-day simple moving average is $193.60. The firm has a market capitalization of $137.75 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a twelve month low of $144.22 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly 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 in the prior year, the business earned $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho dropped their price target 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. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments 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.