Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 253,731 shares of the semiconductor company’s stock after selling 30,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Texas Instruments were worth $47,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Delta Financial Group Inc. purchased a new position in Texas Instruments during the fourth quarter worth $309,000. Ascent Wealth Partners LLC boosted its stake in shares of Texas Instruments by 1.1% during the fourth quarter. Ascent Wealth Partners LLC now owns 8,573 shares of the semiconductor company’s stock valued at $1,608,000 after purchasing an additional 91 shares during the period. Howard Capital Management Inc. boosted its stake in shares of Texas Instruments by 3.4% during the fourth quarter. Howard Capital Management Inc. now owns 27,429 shares of the semiconductor company’s stock valued at $5,143,000 after purchasing an additional 908 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Texas Instruments by 6.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company’s stock valued at $1,402,000 after purchasing an additional 452 shares during the period. Finally, TCW Group Inc. boosted its stake in shares of Texas Instruments by 0.7% during the fourth quarter. TCW Group Inc. now owns 48,761 shares of the semiconductor company’s stock valued at $9,143,000 after purchasing an additional 321 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial lowered 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 reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays lowered 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 note 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $202.00 on Friday. Texas Instruments Incorporated has a 52-week low of $159.11 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 company has a market cap of $183.89 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm’s 50-day moving average price is $188.44 and its 200-day moving average price is $197.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 company earned $1.49 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is currently 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.