Davis R M Inc. Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Davis R M Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,598 shares of the semiconductor company’s stock after selling 542 shares during the period. Davis R M Inc.’s holdings in Texas Instruments were worth $1,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Ranch Capital Advisors Inc. increased its position in Texas Instruments by 1.2% during the 4th quarter. Ranch Capital Advisors Inc. now owns 9,906 shares of the semiconductor company’s stock worth $1,857,000 after purchasing an additional 122 shares in the last quarter. Tortoise Investment Management LLC grew its stake in Texas Instruments by 27.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,248 shares of the semiconductor company’s stock worth $234,000 after buying an additional 266 shares during the period. Independent Advisor Alliance increased its position in shares of Texas Instruments by 21.8% in the fourth quarter. Independent Advisor Alliance now owns 25,452 shares of the semiconductor company’s stock worth $4,773,000 after acquiring an additional 4,548 shares in the last quarter. Tiemann Investment Advisors LLC raised its stake in shares of Texas Instruments by 8.2% in the 4th quarter. Tiemann Investment Advisors LLC now owns 1,985 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 150 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Texas Instruments by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 196,600 shares of the semiconductor company’s stock valued at $36,858,000 after acquiring an additional 11,866 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TXN shares. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’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 transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Down 4.9 %

TXN stock opened at $177.34 on Wednesday. The firm has a market cap of $161.36 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The firm has a fifty day moving average price of $189.39 and a two-hundred day moving average price of $197.00. 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 announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.