Callan Capital LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Callan Capital LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,099 shares of the semiconductor company’s stock after selling 153 shares during the period. Callan Capital LLC’s holdings in Texas Instruments were worth $385,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Texas Instruments by 1.2% during the fourth quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company’s stock valued at $13,906,299,000 after purchasing an additional 885,939 shares during the last quarter. State Street Corp lifted its position in Texas Instruments by 2.9% during the fourth quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock valued at $7,582,073,000 after purchasing an additional 1,146,109 shares during the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 17,910,932 shares of the semiconductor company’s stock valued at $3,368,472,000 after purchasing an additional 708,848 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Texas Instruments by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,859,029 shares of the semiconductor company’s stock valued at $2,423,543,000 after purchasing an additional 138,933 shares during the last quarter. Finally, Norges Bank bought a new position in Texas Instruments during the fourth quarter valued at $1,534,890,000. 83.96% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.0 %

Shares of Texas Instruments stock opened at $185.40 on Tuesday. The firm’s 50 day moving average price is $163.25 and its 200-day moving average price is $169.87. The company has a quick ratio of 4.24, a current ratio of 5.09 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $202.26. The company has a market cap of $169.40 billion, a P/E ratio of 20.28, a PEG ratio of 2.12 and a beta of 1.02.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Monday, August 1st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, July 29th. Texas Instruments’s payout ratio is currently 50.33%.

Insider Transactions at Texas Instruments

In related news, Director Pamela H. Patsley sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $176.64, for a total value of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at approximately $5,668,024.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Pamela H. Patsley sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $176.64, for a total value of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at approximately $5,668,024.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark T. Roberts sold 2,048 shares of Texas Instruments stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $177.50, for a total transaction of $363,520.00. Following the completion of the sale, the vice president now owns 28,475 shares of the company’s stock, valued at $5,054,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock valued at $10,241,311 in the last 90 days. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Texas Instruments from $189.00 to $172.00 in a report on Wednesday, April 27th. Barclays lowered their target price on shares of Texas Instruments from $170.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, April 27th. UBS Group lowered their target price on shares of Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Benchmark began coverage on shares of Texas Instruments in a report on Wednesday, June 29th. They set a “buy” rating and a $205.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating for the company in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $182.19.

Texas Instruments Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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