Texas Instruments Incorporated (NASDAQ:TXN) Holdings Trimmed by PFG Investments LLC

PFG Investments LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,104 shares of the semiconductor company’s stock after selling 325 shares during the period. PFG Investments LLC’s holdings in Texas Instruments were worth $359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the third quarter worth $25,000. Riverview Trust Co raised its holdings in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Texas Instruments during the fourth quarter valued at $30,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments in the third quarter valued at about $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $174.21 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a fifty day moving average price of $166.63 and a 200 day moving average price of $160.86. The stock has a market cap of $158.54 billion, a P/E ratio of 24.68, a PEG ratio of 3.72 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is presently 73.65%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TXN shares. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Truist Financial cut their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. TD Cowen upped their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Finally, Mizuho cut their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $173.89.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s 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 directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company 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.