Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 979,075 shares of the semiconductor company’s stock after selling 400,384 shares during the quarter. William Blair Investment Management LLC owned approximately 0.11% of Texas Instruments worth $183,586,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. Howard Capital Management Group LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $202,000. GSA Capital Partners LLP acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $872,000. OneDigital Investment Advisors LLC boosted its position in shares of Texas Instruments by 3.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,777 shares of the semiconductor company’s stock worth $3,259,000 after acquiring an additional 524 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $401,000. Finally, Adero Partners LLC boosted its position in shares of Texas Instruments by 3.2% in the 3rd quarter. Adero Partners LLC now owns 3,852 shares of the semiconductor company’s stock valued at $796,000 after purchasing an additional 120 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Texas Instruments Stock Performance

TXN opened at $176.42 on Monday. The stock has a market cap of $160.53 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock’s 50 day simple moving average is $188.61 and its 200 day simple moving average is $196.29. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 in the previous year, the company posted $1.49 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Mizuho decreased their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments 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.