Troy Asset Management Ltd Sells 47,221 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Troy Asset Management Ltd decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 135,991 shares of the semiconductor company’s stock after selling 47,221 shares during the period. Texas Instruments comprises 0.9% of Troy Asset Management Ltd’s portfolio, making the stock its 25th largest holding. Troy Asset Management Ltd’s holdings in Texas Instruments were worth $25,500,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments during the third quarter valued at $202,000. FMR LLC increased its stake in Texas Instruments by 4.1% during the 3rd quarter. FMR LLC now owns 2,702,653 shares of the semiconductor company’s stock valued at $558,287,000 after purchasing an additional 106,002 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Texas Instruments by 51.5% in the third quarter. CreativeOne Wealth LLC now owns 6,820 shares of the semiconductor company’s stock worth $1,409,000 after buying an additional 2,319 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Texas Instruments by 8.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,682 shares of the semiconductor company’s stock worth $38,563,000 after buying an additional 14,249 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Texas Instruments by 14.6% during the third quarter. Public Sector Pension Investment Board now owns 40,108 shares of the semiconductor company’s stock valued at $8,285,000 after buying an additional 5,100 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 2.5 %

Shares of NASDAQ:TXN opened at $176.33 on Friday. The stock has a 50 day moving average of $186.45 and a 200 day moving average of $194.71. The company has a market cap of $160.45 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. 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 posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 period last year, the company earned $1.49 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’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 sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now 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 have sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TXN shares. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho decreased their price target 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 dropped their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.