Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,919 shares of the semiconductor company’s stock after selling 2,945 shares during the period. Bleakley Financial Group LLC’s holdings in Texas Instruments were worth $2,543,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the third quarter worth about $25,000. Riverview Trust Co boosted its stake in shares of Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TXN. Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday. Mizuho lowered their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Morgan Stanley increased their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Susquehanna lowered their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Finally, Truist Financial reduced their target price 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. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.42.

Texas Instruments Stock Up 2.4 %

Shares of NASDAQ TXN opened at $173.46 on Wednesday. The business has a 50-day moving average price of $167.07 and a 200 day moving average price of $161.36. The stock has a market cap of $157.86 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 3.65 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm posted $2.13 earnings per share. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. Equities research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 3.00%. Texas Instruments’s dividend payout ratio (DPR) is currently 73.65%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments 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.