Krane Funds Advisors LLC Sells 367 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Krane Funds Advisors LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,592 shares of the semiconductor company’s stock after selling 367 shares during the period. Krane Funds Advisors LLC’s holdings in Texas Instruments were worth $486,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXN. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial lowered their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $151.39 on Monday. The company has a market cap of $137.75 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The firm has a 50-day moving average of $184.06 and a 200-day moving average of $193.60. Texas Instruments Incorporated has a one year low of $144.22 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 quarter in the previous year, the company earned $1.49 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the firm’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 completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last quarter. 0.57% of the stock is currently owned by insiders.

Texas Instruments Company 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.