Athena Investment Management Has $683,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Athena Investment Management lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,643 shares of the semiconductor company’s stock after selling 160 shares during the quarter. Athena Investment Management’s holdings in Texas Instruments were worth $683,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the business’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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last quarter. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Up 2.5 %

Shares of Texas Instruments stock opened at $196.02 on Friday. The firm has a 50-day moving average of $189.49 and a 200-day moving average of $197.68. The stock has a market cap of $178.44 billion, a PE ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. 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 announced its 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 period in the previous year, the firm earned $1.49 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

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 dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.78%. Texas Instruments’s dividend payout ratio is 104.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Barclays reduced their price objective 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. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report 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’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average 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.