Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 53.4% in the fourth quarter, Holdings Channel reports. The fund owned 21,275 shares of the semiconductor company’s stock after selling 24,353 shares during the period. EP Wealth Advisors LLC’s holdings in Texas Instruments were worth $3,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Texas Instruments in the fourth quarter valued at approximately $1,649,592,000. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock traded down $2.38 during mid-day trading on Friday, reaching $193.90. The stock had a trading volume of 3,479,253 shares, compared to its average volume of 5,278,203. The company has a market cap of $176.54 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 4.20 and a beta of 1.00. 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 Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The business has a 50-day simple moving average of $184.81 and a 200 day simple moving average of $172.62.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its earnings results 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. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analyst Ratings Changes

TXN has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 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. Stifel Nicolaus increased their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $182.48.

Get Our Latest Stock Analysis on TXN

Insider Buying and Selling

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

About Texas Instruments

(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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