Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 14.2% during the fourth quarter, Holdings Channel reports. The fund owned 865,905 shares of the semiconductor company’s stock after selling 142,907 shares during the quarter. Marshall Wace LLP’s holdings in Texas Instruments were worth $162,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the third quarter valued at approximately $202,000. Invst LLC acquired a new stake in Texas Instruments during the third quarter valued at $209,000. Anchor Investment Management LLC raised its position in shares of Texas Instruments by 25.7% in the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock worth $2,403,000 after acquiring an additional 2,378 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Texas Instruments by 1.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company’s stock worth $3,842,000 after acquiring an additional 197 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in shares of Texas Instruments by 156.4% in the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock valued at $1,444,000 after purchasing an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXN shares. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Baird R W upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Mizuho reduced their price objective 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.76.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 10,816 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 0.1 %

TXN opened at $151.18 on Wednesday. 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 $137.56 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.30 and a beta of 0.99. The business has a fifty day moving average price of $179.01 and a 200 day moving average price of $190.56. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 prior year, the company earned $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 3.60%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.