Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Decreased by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 53.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,899 shares of the semiconductor company’s stock after selling 2,216 shares during the quarter. Navellier & Associates Inc.’s holdings in Texas Instruments were worth $356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $202,000. Dakota Wealth Management raised its stake in shares of Texas Instruments by 1.1% in the 3rd quarter. Dakota Wealth Management now owns 10,984 shares of the semiconductor company’s stock valued at $2,269,000 after acquiring an additional 115 shares in the last quarter. Trueblood Wealth Management LLC bought a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $209,000. NorthCrest Asset Manangement LLC raised its stake in shares of Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after acquiring an additional 52 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of Texas Instruments by 6.0% in the 3rd quarter. PFG Investments LLC now owns 5,322 shares of the semiconductor company’s stock valued at $1,099,000 after acquiring an additional 300 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Shares of TXN stock opened at $202.00 on Monday. The stock’s fifty day simple moving average is $188.44 and its 200 day simple moving average is $197.59. 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 cap of $183.89 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced 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 return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business posted $1.49 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.69%. Texas Instruments’s payout ratio is 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial dropped their price target on 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 dropped their price target on 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. Finally, Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

About Texas Instruments

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.