First Horizon Advisors Inc. Has $17.77 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

First Horizon Advisors Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,234 shares of the semiconductor company’s stock after selling 2,130 shares during the period. First Horizon Advisors Inc.’s holdings in Texas Instruments were worth $17,768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after purchasing an additional 839,964 shares during the period. Morgan Stanley boosted its position in Texas Instruments by 14.2% during 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. Northern Trust Corp grew its holdings in Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of 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 valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. KeyCorp lifted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group boosted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Evercore ISI upped their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus increased their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

Texas Instruments stock traded down $0.39 during mid-day trading on Thursday, hitting $174.81. 1,711,990 shares of the company were exchanged, compared to its average volume of 5,667,171. The company has a market capitalization of $159.16 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. The business has a fifty day moving average of $170.17 and a 200 day moving average of $162.71. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company posted $1.85 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

About Texas Instruments

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.