OVERSEA CHINESE BANKING Corp Ltd Has $258,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 94.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,376 shares of the semiconductor company’s stock after selling 24,338 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Texas Instruments were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brooklyn FI LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $959,000. ProVise Management Group LLC grew its position in shares of Texas Instruments by 1.7% during the 4th quarter. ProVise Management Group LLC now owns 9,715 shares of the semiconductor company’s stock worth $1,822,000 after purchasing an additional 161 shares in the last quarter. Enhancing Capital LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $2,438,000. Generali Asset Management SPA SGR acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $11,256,000. Finally, Evoke Wealth LLC grew its position in shares of Texas Instruments by 24.0% during the 4th quarter. Evoke Wealth LLC now owns 2,629 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $180.68 on Friday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The firm has a fifty day simple moving average of $187.69 and a 200 day simple moving average of $195.62. The company has a market capitalization of $164.40 billion, a PE ratio of 34.81, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 period in the previous year, the business earned $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Truist Financial reduced their price target 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 reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays dropped 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

Insiders Place Their Bets

In other 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % 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. 0.57% of the stock is currently owned by company insiders.

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.