Jennison Associates LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Jennison Associates LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,352 shares of the semiconductor company’s stock after selling 8,090 shares during the quarter. Jennison Associates LLC’s holdings in Texas Instruments were worth $19,492,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AXQ Capital LP grew its holdings in Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services grew its holdings in Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC grew its holdings in Texas Instruments by 39.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the period. Salem Investment Counselors Inc. grew its holdings in Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the period. Finally, Chicago Capital LLC boosted its stake in shares of Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after acquiring an additional 8,311 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Truist Financial upped their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Susquehanna upped their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Trading Up 0.3 %

Shares of TXN stock opened at $175.25 on Friday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The stock’s 50 day simple moving average is $168.95 and its two-hundred day simple moving average is $162.08. The company has a market cap of $159.49 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. Research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s payout ratio is 81.12%.

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.