Sumitomo Life Insurance Co. Sells 257 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sumitomo Life Insurance Co. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,089 shares of the semiconductor company’s stock after selling 257 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Texas Instruments were worth $2,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TXN. Ascent Group LLC raised its holdings in Texas Instruments by 3.5% during the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock valued at $475,000 after acquiring an additional 83 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Texas Instruments during the second quarter worth about $292,000. EP Wealth Advisors LLC raised its stake in Texas Instruments by 2.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,491 shares of the semiconductor company’s stock valued at $4,181,000 after purchasing an additional 576 shares during the period. Next Capital Management LLC purchased a new position in Texas Instruments in the 2nd quarter worth approximately $252,000. Finally, SPC Financial Inc. boosted its stake in Texas Instruments by 2.4% in the 2nd quarter. SPC Financial Inc. now owns 3,611 shares of the semiconductor company’s stock worth $702,000 after purchasing an additional 84 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TXN. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Performance

Texas Instruments stock opened at $180.57 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a market capitalization of $164.72 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company’s 50-day moving average is $192.97 and its 200 day moving average is $199.34.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period in the prior year, the business earned $1.49 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.