Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Abbot Financial Management Inc.

Abbot Financial Management Inc. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,107 shares of the semiconductor company’s stock after selling 96 shares during the period. Abbot Financial Management Inc.’s holdings in Texas Instruments were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the third quarter valued at approximately $28,000. Financial Life Planners acquired a new stake in Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments in the fourth quarter valued at $28,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the third quarter worth about $39,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $194.84 on Wednesday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. 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 company’s 50 day simple moving average is $189.62 and its 200 day simple moving average is $197.60. The stock has a market capitalization of $177.37 billion, a PE ratio of 37.54, a P/E/G ratio of 3.30 and a beta of 0.97.

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 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 previous year, the firm posted $1.49 earnings per share. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research reports. 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 research note on Friday, January 24th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Transactions at Texas Instruments

In other news, 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 value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last quarter. Company insiders own 0.68% of the company’s stock.

Texas Instruments 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.