Point72 Italy S.r.l. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Point72 Italy S.r.l. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 65.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,769 shares of the semiconductor company’s stock after selling 33,583 shares during the period. Texas Instruments comprises about 1.8% of Point72 Italy S.r.l.’s portfolio, making the stock its 16th largest holding. Point72 Italy S.r.l.’s holdings in Texas Instruments were worth $3,332,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Promus Capital LLC purchased a new position in Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Texas Instruments in the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,914,158.52. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 0.5%

NASDAQ TXN opened at $187.34 on Thursday. 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 stock has a market capitalization of $170.19 billion, a P/E ratio of 36.10, a PEG ratio of 3.30 and a beta of 0.97. The firm’s 50-day moving average is $167.04 and its two-hundred day moving average is $184.86. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.90%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Analyst Ratings Changes

A number of analysts have recently commented on TXN shares. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Cantor Fitzgerald cut their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Morgan Stanley restated an “underweight” rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. UBS Group lowered their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $189.41.

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.