Northwest & Ethical Investments L.P. Sells 19,913 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Northwest & Ethical Investments L.P. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 177,117 shares of the semiconductor company’s stock after selling 19,913 shares during the period. Texas Instruments comprises approximately 0.9% of Northwest & Ethical Investments L.P.’s investment portfolio, making the stock its 17th biggest holding. Northwest & Ethical Investments L.P.’s holdings in Texas Instruments were worth $33,211,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cahill Financial Advisors Inc. grew its stake in shares of Texas Instruments by 3.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 49 shares during the period. HF Advisory Group LLC grew its stake in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after purchasing an additional 52 shares during the period. Blossom Wealth Management grew its stake in shares of Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 55 shares during the period. OLD Second National Bank of Aurora grew its stake in shares of Texas Instruments by 11.1% during the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 57 shares during the period. Finally, Avitas Wealth Management LLC grew its stake in shares of Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock valued at $2,032,000 after purchasing an additional 59 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Texas Instruments stock opened at $181.74 on Thursday. The company has a market cap of $165.37 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.30 and a beta of 0.97. The firm’s fifty day moving average is $187.91 and its 200 day moving average is $195.72. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $1.49 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 2.99%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade 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 is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last 90 days. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of recent research reports. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company cut 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. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Truist Financial cut their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Barclays cut 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.