Ostrum Asset Management Sells 900 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Ostrum Asset Management cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,000 shares of the semiconductor company’s stock after selling 900 shares during the quarter. Texas Instruments makes up approximately 2.7% of Ostrum Asset Management’s portfolio, making the stock its 16th largest holding. Ostrum Asset Management’s holdings in Texas Instruments were worth $30,752,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Promus Capital LLC purchased a new position in Texas Instruments during the fourth quarter valued at approximately $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $27,000. Summit Securities Group LLC bought a new stake in Texas Instruments during the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $148.34 on Friday. 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 firm has a market cap of $134.97 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.30 and a beta of 0.99. The business’s 50 day moving average price is $177.08 and its 200-day moving average price is $189.48. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the company posted $1.49 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.67%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Citigroup cut their price target on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $206.86.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated 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 sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 owns 409,089 shares in the company, 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. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently 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.