Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,593 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Texas Instruments were worth $486,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Texas Instruments during the 4th quarter worth about $1,875,000. Proficio Capital Partners LLC boosted its stake in shares of Texas Instruments by 31,596.0% in the fourth quarter. Proficio Capital Partners LLC now owns 718,865 shares of the semiconductor company’s stock worth $134,794,000 after buying an additional 716,597 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Texas Instruments by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 106,086 shares of the semiconductor company’s stock worth $19,892,000 after acquiring an additional 1,416 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Texas Instruments by 2.1% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock valued at $67,276,000 after acquiring an additional 7,500 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in Texas Instruments by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 136,515 shares of the semiconductor company’s stock valued at $25,598,000 after acquiring an additional 400 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TXN. Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Down 3.5 %

Shares of TXN opened at $191.30 on Friday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The firm has a market capitalization of $174.15 billion, a P/E ratio of 36.86, a P/E/G ratio of 3.30 and a beta of 0.97. The firm has a 50-day moving average price of $189.31 and a 200 day moving average price of $197.65. 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 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 last year, the firm posted $1.49 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % 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. 0.68% of the stock is owned by company insiders.

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.