Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 566,137 shares of the semiconductor company’s stock after selling 41,112 shares during the quarter. Korea Investment CORP owned approximately 0.06% of Texas Instruments worth $106,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXN. Penobscot Investment Management Company Inc. lifted its stake in Texas Instruments by 6.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 7,491 shares of the semiconductor company’s stock valued at $1,405,000 after buying an additional 425 shares in the last quarter. Ipsen Advisor Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $652,000. Florida Financial Advisors LLC boosted its stake in shares of Texas Instruments by 2.5% in the fourth quarter. Florida Financial Advisors LLC now owns 5,032 shares of the semiconductor company’s stock worth $944,000 after acquiring an additional 121 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Texas Instruments by 1.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 99,415 shares of the semiconductor company’s stock valued at $18,641,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its stake in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial decreased their target price 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. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

TXN stock opened at $184.49 on Thursday. The business’s fifty day moving average price is $186.90 and its 200 day moving average price is $194.99. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $167.87 billion, a PE ratio of 35.55, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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 last year, the firm earned $1.49 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.95%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This trade represents a 19.17 % 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 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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.