Texas Instruments Incorporated (NASDAQ:TXN) Position Cut by Gould Asset Management LLC CA

Gould Asset Management LLC CA trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,291 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Gould Asset Management LLC CA’s holdings in Texas Instruments were worth $561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Morgan Stanley lifted its position in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System lifted its position in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at $196,135,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Barclays reduced their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Susquehanna increased their target price on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Truist Financial increased their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.74.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $0.44 during midday trading on Thursday, hitting $175.25. 9,129,091 shares of the company were exchanged, compared to its average volume of 5,711,318. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm has a market cap of $159.49 billion, a P/E ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The firm has a 50 day simple moving average of $168.95 and a 200-day simple moving average of $162.08.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company earned $1.85 EPS. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s payout ratio is 81.12%.

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.