Optas LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Optas LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,521 shares of the semiconductor company’s stock after selling 166 shares during the quarter. Optas LLC’s holdings in Texas Instruments were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TXN. Czech National Bank raised its position in Texas Instruments by 7.2% in the 3rd quarter. Czech National Bank now owns 185,997 shares of the semiconductor company’s stock worth $38,421,000 after purchasing an additional 12,496 shares during the period. GAMMA Investing LLC grew its position in shares of Texas Instruments by 19.5% in the third quarter. GAMMA Investing LLC now owns 15,519 shares of the semiconductor company’s stock valued at $3,206,000 after purchasing an additional 2,532 shares during the period. Azzad Asset Management Inc. ADV boosted its position in Texas Instruments by 1.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 12,586 shares of the semiconductor company’s stock worth $2,600,000 after acquiring an additional 188 shares during the last quarter. Diversified Trust Co raised its stake in shares of Texas Instruments by 30.3% in the 3rd quarter. Diversified Trust Co now owns 8,746 shares of the semiconductor company’s stock valued at $1,807,000 after acquiring an additional 2,033 shares during the period. Finally, Miracle Mile Advisors LLC increased its stake in Texas Instruments by 13.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,830 shares of the semiconductor company’s stock worth $2,031,000 after buying an additional 1,183 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 2.0 %

NASDAQ TXN opened at $180.94 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The stock has a market cap of $165.06 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. The stock has a 50 day simple moving average of $191.69 and a two-hundred day simple moving average of $198.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business posted $1.49 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.01%. Texas Instruments’s payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of 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. Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two investment 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

About Texas Instruments

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.