Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,145 shares of the semiconductor company’s stock after selling 776 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Texas Instruments were worth $13,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $202,000. Fortitude Family Office LLC grew its stake in shares of Texas Instruments by 42.6% during the 3rd quarter. Fortitude Family Office LLC now owns 388 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 116 shares during the period. Valmark Advisers Inc. lifted its stake in shares of Texas Instruments by 11.7% in the 3rd quarter. Valmark Advisers Inc. now owns 2,238 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 235 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Texas Instruments by 5.7% in the third quarter. Fidelis Capital Partners LLC now owns 4,355 shares of the semiconductor company’s stock worth $879,000 after acquiring an additional 236 shares in the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in shares of Texas Instruments in the third quarter worth $207,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,655 shares of company stock worth $40,665,374. 0.68% of the stock is owned by company insiders.

Texas Instruments Price Performance

NASDAQ:TXN opened at $198.24 on Thursday. The firm has a fifty day simple moving average of $189.17 and a 200 day simple moving average of $197.70. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The stock has a market capitalization of $180.46 billion, a PE ratio of 38.20, a P/E/G ratio of 3.30 and a beta of 0.97. 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 (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 in the previous year, the company earned $1.49 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TXN shares. Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $209.20.

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.