Texas Instruments Incorporated (NASDAQ:TXN) Holdings Trimmed by Hartford Investment Management Co.

Hartford Investment Management Co. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,185 shares of the semiconductor company’s stock after selling 1,862 shares during the period. Hartford Investment Management Co.’s holdings in Texas Instruments were worth $10,430,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fairfield Bush & CO. purchased a new stake in Texas Instruments in the 1st quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares in the last quarter. Wsfs Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth about $337,000. Finally, Bridgefront Capital LLC purchased a new stake in Texas Instruments in the 1st quarter worth about $315,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Susquehanna dropped their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Mizuho reduced their price objective on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price objective on shares of Texas Instruments in a research report on Monday, March 4th. TD Cowen increased their price target on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $173.89.

Check Out Our Latest Report on Texas Instruments

Texas Instruments Price Performance

NASDAQ:TXN traded down $0.09 on Wednesday, hitting $170.27. The company had a trading volume of 1,340,631 shares, compared to its average volume of 5,535,521. The stock has a market capitalization of $154.96 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 3.73 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $166.67 and a two-hundred day moving average of $161.08. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXNGet Free Report) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company earned $2.13 EPS. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.05%. Texas Instruments’s dividend payout ratio (DPR) is 73.65%.

Texas Instruments Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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