Trillium Asset Management LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Trillium Asset Management LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,043 shares of the semiconductor company’s stock after selling 161 shares during the period. Trillium Asset Management LLC’s holdings in Texas Instruments were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in Texas Instruments by 948.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Raymond James Financial Inc. bought a new position in Texas Instruments in the 4th quarter worth approximately $295,665,000. Van ECK Associates Corp grew its stake in Texas Instruments by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock valued at $1,408,925,000 after buying an additional 1,345,629 shares in the last quarter. Finally, Amundi raised its holdings in Texas Instruments by 23.4% during the 4th quarter. Amundi now owns 6,650,490 shares of the semiconductor company’s stock valued at $1,274,633,000 after acquiring an additional 1,262,365 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN opened at $181.74 on Thursday. The stock has a market capitalization of $165.37 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The stock’s 50-day moving average price is $187.91 and its 200-day moving average price is $195.72. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted 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 return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the business posted $1.49 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insider Activity at Texas Instruments

In other 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 transaction of $1,234,955.30. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last three months. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of analyst reports. 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 research note on Friday, January 24th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

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.