Jefferies Financial Group Inc. Sells 1,817 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Jefferies Financial Group Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,320 shares of the semiconductor company’s stock after selling 1,817 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Texas Instruments were worth $10,936,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $2,584,490,000. Assenagon Asset Management S.A. grew its position in shares of Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after buying an additional 2,237,035 shares during the period. Invesco Ltd. grew its position in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at about $295,665,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

NASDAQ TXN opened at $172.27 on Monday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company’s 50 day moving average is $167.29 and its two-hundred day moving average is $184.96. The stock has a market cap of $156.50 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Analysts Set New Price Targets

A number of analysts have weighed in on TXN shares. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Barclays lowered shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Finally, DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a report on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $189.41.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction on 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 approximately $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is owned by corporate 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.