US Bancorp DE Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

US Bancorp DE trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 902,603 shares of the semiconductor company’s stock after selling 8,499 shares during the period. US Bancorp DE owned 0.10% of Texas Instruments worth $169,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Maple Capital Management Inc. raised its holdings in shares of Texas Instruments by 2.0% in the fourth quarter. Maple Capital Management Inc. now owns 219,690 shares of the semiconductor company’s stock valued at $41,194,000 after buying an additional 4,312 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $2,517,000. First American Bank raised its holdings in shares of Texas Instruments by 0.3% in the fourth quarter. First American Bank now owns 48,674 shares of the semiconductor company’s stock valued at $9,127,000 after buying an additional 136 shares during the last quarter. Argyle Capital Management LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $632,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Texas Instruments by 3.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,480 shares of the semiconductor company’s stock valued at $653,000 after buying an additional 110 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.5 %

TXN stock opened at $196.02 on Friday. The company’s 50 day simple moving average is $189.49 and its 200-day simple moving average is $197.68. The firm has a market capitalization of $178.44 billion, a PE ratio of 37.77, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Analyst Ratings Changes

Several research firms recently issued reports on TXN. Truist Financial cut their price target 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. Barclays cut their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company cut their price target 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. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company 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.