Johnson Investment Counsel Inc. Sells 480 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Johnson Investment Counsel Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,118 shares of the semiconductor company’s stock after selling 480 shares during the period. Johnson Investment Counsel Inc.’s holdings in Texas Instruments were worth $3,259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annapolis Financial Services LLC raised its stake in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter worth $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $31,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 over the last ninety days. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TXN shares. Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Truist Financial lifted their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $180.74.

View Our Latest Report on Texas Instruments

Texas Instruments Stock Up 0.9 %

NASDAQ TXN traded up $1.73 on Friday, reaching $187.05. 5,606,758 shares of the stock traded hands, compared to its average volume of 6,103,821. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a market cap of $170.31 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 3.98 and a beta of 1.01. The company has a fifty day moving average price of $172.48 and a 200-day moving average price of $164.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.22 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Texas Instruments Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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