Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,612 shares of the semiconductor company’s stock after selling 403 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Texas Instruments were worth $12,678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Chicago Capital LLC raised its holdings in Texas Instruments by 22.3% during the fourth quarter. Chicago Capital LLC now owns 10,009 shares of the semiconductor company’s stock worth $1,877,000 after purchasing an additional 1,823 shares in the last quarter. Willis Investment Counsel lifted its holdings in Texas Instruments by 0.4% in the fourth quarter. Willis Investment Counsel now owns 252,895 shares of the semiconductor company’s stock valued at $47,420,000 after acquiring an additional 1,022 shares during the period. CENTRAL TRUST Co increased its holdings in Texas Instruments by 3.3% in the fourth quarter. CENTRAL TRUST Co now owns 14,978 shares of the semiconductor company’s stock valued at $2,809,000 after buying an additional 482 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in Texas Instruments by 27.0% during the fourth quarter. Valley National Advisers Inc. now owns 644 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 137 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 2.0 %

TXN opened at $180.94 on Tuesday. The firm’s 50 day moving average is $191.69 and its 200-day moving average is $198.75. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $165.06 billion, a P/E ratio of 34.86, a P/E/G ratio of 2.94 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $1.49 EPS. Analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Ratings Changes

A number of research firms recently issued reports on TXN. Bank of America reduced their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Morgan Stanley upped their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by company insiders.

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.