Great Lakes Advisors LLC Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Great Lakes Advisors LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,906 shares of the semiconductor company’s stock after selling 946 shares during the quarter. Great Lakes Advisors LLC’s holdings in Texas Instruments were worth $8,045,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TXN. Cahill Financial Advisors Inc. boosted its stake in Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after buying an additional 49 shares during the period. KCM Investment Advisors LLC boosted its stake in shares of Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 50 shares during the period. HF Advisory Group LLC boosted its stake in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after purchasing an additional 52 shares during the period. Bell Bank grew its holdings in Texas Instruments by 3.4% during the 3rd quarter. Bell Bank now owns 1,602 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 53 shares during the last quarter. Finally, Blossom Wealth Management raised its position in Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 55 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 1.2 %

Shares of NASDAQ TXN opened at $173.60 on Friday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The stock’s fifty day simple moving average is $188.89 and its two-hundred day simple moving average is $196.69. The stock has a market capitalization of $157.96 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned $1.49 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the company’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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TXN shares. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial dropped their price objective on 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 reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Mizuho cut their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.