Sepio Capital LP Sells 927 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sepio Capital LP lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,757 shares of the semiconductor company’s stock after selling 927 shares during the quarter. Sepio Capital LP’s holdings in Texas Instruments were worth $4,080,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Texas Instruments by 0.8% during the fourth quarter. Russell Investments Group Ltd. now owns 794,784 shares of the semiconductor company’s stock worth $149,078,000 after purchasing an additional 6,226 shares during the last quarter. Rahlfs Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth $2,277,000. Wedbush Securities Inc. boosted its stake in Texas Instruments by 5.6% in the 4th quarter. Wedbush Securities Inc. now owns 10,217 shares of the semiconductor company’s stock worth $1,916,000 after purchasing an additional 540 shares during the period. Envestnet Asset Management Inc. grew its stake in Texas Instruments by 2.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,702,461 shares of the semiconductor company’s stock valued at $319,228,000 after acquiring an additional 32,710 shares in the last quarter. Finally, Perennial Investment Advisors LLC grew its position in shares of Texas Instruments by 63.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 1,734 shares of the semiconductor company’s stock valued at $325,000 after purchasing an additional 673 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Barclays dropped their price target 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 assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Down 7.8 %

Shares of TXN opened at $151.39 on Friday. The firm has a 50-day moving average price of $184.06 and a 200 day moving average price of $193.65. The firm has a market capitalization of $137.75 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.30 and a beta of 0.99. 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 Incorporated has a 12-month low of $150.96 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.49 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 dividend on an annualized basis and a dividend yield of 3.59%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.