Findlay Park Partners LLP Sells 333,245 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Findlay Park Partners LLP cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 34.5% during the fourth quarter, Holdings Channel reports. The firm owned 632,809 shares of the semiconductor company’s stock after selling 333,245 shares during the quarter. Findlay Park Partners LLP’s holdings in Texas Instruments were worth $104,553,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Core Wealth Advisors Inc. increased its position in shares of Texas Instruments by 993.8% during the 3rd quarter. Core Wealth Advisors Inc. now owns 175 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. My Personal CFO LLC bought a new position in Texas Instruments in the 4th quarter valued at $31,000. Ten Capital Wealth Advisors LLC grew its position in Texas Instruments by 685.7% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 220 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 192 shares during the last quarter. Mendota Financial Group LLC bought a new position in Texas Instruments in the 4th quarter valued at $34,000. Finally, Capital Directions Investment Advisors LLC bought a new position in Texas Instruments in the 4th quarter valued at $36,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXN has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Texas Instruments from $152.00 to $166.00 and gave the company an “underweight” rating in a research report on Wednesday, January 25th. Cowen upped their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Wednesday, January 25th. Oppenheimer increased their price target on Texas Instruments from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Truist Financial dropped their price target on Texas Instruments from $180.00 to $178.00 in a research report on Wednesday, April 26th. Finally, Mizuho increased their price target on Texas Instruments from $159.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $179.57.

Texas Instruments Stock Performance

NASDAQ TXN opened at $169.74 on Wednesday. The stock’s fifty day moving average is $173.26 and its two-hundred day moving average is $173.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.04 and a current ratio of 5.17. Texas Instruments Incorporated has a fifty-two week low of $144.46 and a fifty-two week high of $186.30. The firm has a market capitalization of $154.06 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Texas Instruments had a return on equity of 56.40% and a net margin of 42.33%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.36 billion. On average, research analysts anticipate that Texas Instruments Incorporated will post 7.48 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 16th. Investors of record on Monday, May 8th were given a $1.24 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.92%. Texas Instruments’s dividend payout ratio (DPR) is presently 55.73%.

Texas Instruments Company Profile

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.