Tobam Sells 524 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Tobam cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151 shares of the semiconductor company’s stock after selling 524 shares during the quarter. Tobam’s holdings in Texas Instruments were worth $216,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cahill Financial Advisors Inc. increased its stake in Texas Instruments by 3.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after buying an additional 50 shares during the last quarter. Lansing Street Advisors increased its position in shares of Texas Instruments by 4.7% during the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Texas Instruments by 1.1% during the third 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, ABLE Financial Group LLC raised its holdings in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TXN shares. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $180.00 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business’s fifty day moving average is $190.17 and its 200 day moving average is $198.22. The company has a market capitalization of $164.20 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $1.49 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.