Miller Howard Investments Inc. NY Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Miller Howard Investments Inc. NY trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 184,765 shares of the semiconductor company’s stock after selling 43,651 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Texas Instruments were worth $34,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Stephens Inc. AR boosted its stake in Texas Instruments by 12.5% in the 4th quarter. Stephens Inc. AR now owns 30,436 shares of the semiconductor company’s stock worth $5,707,000 after purchasing an additional 3,372 shares in the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Texas Instruments by 2.1% in the 4th quarter. Benedict Financial Advisors Inc. now owns 13,633 shares of the semiconductor company’s stock valued at $2,556,000 after acquiring an additional 275 shares during the period. WestEnd Advisors LLC increased its holdings in shares of Texas Instruments by 4,039,300.0% in the fourth quarter. WestEnd Advisors LLC now owns 161,576 shares of the semiconductor company’s stock valued at $30,297,000 after purchasing an additional 161,572 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Texas Instruments by 150.5% during the fourth quarter. WCM Investment Management LLC now owns 27,147 shares of the semiconductor company’s stock worth $5,103,000 after purchasing an additional 16,311 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its position in Texas Instruments by 1.6% in the fourth quarter. Moloney Securities Asset Management LLC now owns 15,020 shares of the semiconductor company’s stock valued at $2,816,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Robert W. Baird reduced their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial lowered their price target 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, Wells Fargo & Company cut 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 report on Monday, January 13th. 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. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Down 1.8 %

Shares of Texas Instruments stock opened at $180.00 on Friday. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. 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 company’s 50-day simple moving average is $189.75 and its 200-day simple moving average is $198.04. The firm has a market cap of $164.20 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 previous year, the company earned $1.49 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.02%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.