LGT Group Foundation Has $30.25 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

LGT Group Foundation lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,344 shares of the semiconductor company’s stock after selling 14,954 shares during the quarter. LGT Group Foundation’s holdings in Texas Instruments were worth $30,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TXN. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments in the 4th quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $28,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $39,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price 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. Barclays reduced their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Mizuho decreased their price target 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. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $196.02 on Monday. The stock has a market cap of $178.44 billion, a P/E ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. The stock has a 50 day simple moving average of $189.49 and a 200 day simple moving average of $197.70. 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 1-year low of $159.11 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s payout ratio is 104.82%.

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.