Flputnam Investment Management Co. Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Flputnam Investment Management Co. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 23,185 shares of the semiconductor company’s stock after selling 604 shares during the quarter. Flputnam Investment Management Co.’s holdings in Texas Instruments were worth $4,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Financial Life Planners acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the third quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments during the third quarter worth about $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $196.02 on Friday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The company has a market cap of $178.44 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business’s 50 day moving average price is $189.49 and its 200 day moving average price is $197.68.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the business earned $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s payout ratio is 104.82%.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. Mizuho dropped their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by corporate insiders.

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.