DAVENPORT & Co LLC Sells 1,639 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

DAVENPORT & Co LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 46,361 shares of the semiconductor company’s stock after selling 1,639 shares during the period. DAVENPORT & Co LLC’s holdings in Texas Instruments were worth $7,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the 4th quarter worth $26,000. Annapolis Financial Services LLC grew its position in shares of 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 buying an additional 120 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $25,000. Riverview Trust Co raised its position in shares of Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 66 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new position in Texas Instruments during the 4th quarter worth approximately $30,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Down 0.0 %

Shares of NASDAQ:TXN opened at $170.34 on Thursday. The company’s 50-day moving average price is $166.68 and its two-hundred day moving average price is $161.14. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market capitalization of $155.02 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 3.66 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is presently 73.65%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXN shares. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Mizuho dropped their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Truist Financial lowered their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $173.89.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by company 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.