King Luther Capital Management Corp Sells 1,266 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

King Luther Capital Management Corp lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,705 shares of the semiconductor company’s stock after selling 1,266 shares during the period. King Luther Capital Management Corp’s holdings in Texas Instruments were worth $11,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI boosted its position in Texas Instruments by 12.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 42,306 shares of the semiconductor company’s stock worth $7,933,000 after purchasing an additional 4,653 shares during the last quarter. Riverbend Wealth Management LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $429,000. Channing Capital Management LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $10,095,000. Ranch Capital Advisors Inc. increased its stake in shares of Texas Instruments by 1.2% in 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. Finally, Tortoise Investment Management LLC raised its holdings in Texas Instruments by 27.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,248 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 266 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Down 4.9 %

TXN opened at $177.34 on Wednesday. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $189.39 and a 200 day moving average of $197.00. The firm has a market cap of $161.36 billion, a P/E ratio of 34.17, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 prior year, the company posted $1.49 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the business’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 sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.68% of the company’s stock.

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.