Twin Capital Management Inc. Sells 1,058 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Twin Capital Management Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,367 shares of the semiconductor company’s stock after selling 1,058 shares during the period. Twin Capital Management Inc.’s holdings in Texas Instruments were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Keudell Morrison Wealth Management increased its position in shares of Texas Instruments by 1.5% in the 1st quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock valued at $682,000 after buying an additional 59 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 62 shares during the period. Field & Main Bank raised its stake in shares of Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares during the period. Guardian Wealth Management Inc. raised its stake in shares of Texas Instruments by 0.6% in the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares during the period. Finally, Buckley Wealth Management LLC raised its stake in shares of Texas Instruments by 1.1% in the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Robert W. Baird lifted their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays lifted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup lifted their price target on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $198.64.

Texas Instruments Stock Performance

TXN stock traded down $0.01 during mid-day trading on Wednesday, hitting $198.28. 11,046,005 shares of the company were exchanged, compared to its average volume of 5,482,407. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The stock has a market capitalization of $180.53 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 4.46 and a beta of 0.99. The business has a 50 day simple moving average of $197.86 and a 200-day simple moving average of $179.43. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be given a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.62%. Texas Instruments’s payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,969 shares of company stock worth $58,427,984. Corporate insiders own 0.68% of the company’s stock.

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.