Pitcairn Co. Sells 210 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pitcairn Co. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,071 shares of the semiconductor company’s stock after selling 210 shares during the period. Pitcairn Co.’s holdings in Texas Instruments were worth $1,888,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after acquiring an additional 649,620 shares during the period. State Street Corp grew its position in shares of Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 11.6% during 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 purchasing an additional 2,237,035 shares during the last quarter. Finally, Norges Bank bought a new stake in Texas Instruments during the 4th quarter valued at approximately $2,584,490,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 7.9 %

Texas Instruments stock opened at $164.20 on Friday. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $149.41 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.30 and a beta of 0.99. The company’s 50 day simple moving average is $184.75 and its 200 day simple moving average is $194.03.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 company posted $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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 dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays cut their target price 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. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.