QRG Capital Management Inc. Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

QRG Capital Management Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,822 shares of the semiconductor company’s stock after selling 3,978 shares during the quarter. QRG Capital Management Inc.’s holdings in Texas Instruments were worth $17,968,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its stake in shares of Texas Instruments by 31,596.0% during the 4th quarter. Proficio Capital Partners LLC now owns 718,865 shares of the semiconductor company’s stock worth $134,794,000 after purchasing an additional 716,597 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Texas Instruments by 1.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 106,086 shares of the semiconductor company’s stock worth $19,892,000 after purchasing an additional 1,416 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after purchasing an additional 7,500 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Texas Instruments by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 136,515 shares of the semiconductor company’s stock worth $25,598,000 after purchasing an additional 400 shares during the last quarter. Finally, Robeco Schweiz AG lifted its stake in shares of Texas Instruments by 0.6% during the 4th quarter. Robeco Schweiz AG now owns 169,504 shares of the semiconductor company’s stock worth $31,784,000 after purchasing an additional 1,030 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 0.9 %

Shares of NASDAQ:TXN opened at $198.24 on Thursday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The stock has a market cap of $180.46 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.30 and a beta of 0.97. 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 business has a 50-day moving average price of $189.17 and a 200-day moving average price of $197.70.

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, 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 period in the previous year, the business earned $1.49 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,655 shares of company stock worth $40,665,374. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TXN. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company decreased their price objective on 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. Barclays decreased their price objective on 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” 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 issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $209.20.

About Texas Instruments

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.