Bank of New York Mellon Corp Has $2.26 Billion Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bank of New York Mellon Corp decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,060,654 shares of the semiconductor company’s stock after selling 1,583,297 shares during the period. Bank of New York Mellon Corp owned approximately 1.32% of Texas Instruments worth $2,261,493,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TXN. Financial Life Planners bought a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments in the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter worth $28,000. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments during the third quarter worth $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.6 %

NASDAQ:TXN opened at $200.74 on Tuesday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The firm has a market capitalization of $182.74 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth 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 stock’s 50 day moving average price is $188.67 and its two-hundred day moving average price is $197.64.

Texas Instruments (NASDAQ:TXN) last issued its 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 quarter in the prior year, the business earned $1.49 EPS. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.71%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Analysts Set New Price Targets

TXN has been the topic of several research analyst reports. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was 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 approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.