Texas Instruments Incorporated (NASDAQ:TXN) Stake Cut by Amica Retiree Medical Trust

Amica Retiree Medical Trust decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,108 shares of the semiconductor company’s stock after selling 795 shares during the period. Amica Retiree Medical Trust’s holdings in Texas Instruments were worth $770,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Howe & Rusling Inc. boosted its stake in Texas Instruments by 15.1% in the fourth quarter. Howe & Rusling Inc. now owns 2,649 shares of the semiconductor company’s stock valued at $497,000 after acquiring an additional 347 shares during the period. AssuredPartners Investment Advisors LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $250,000. NEOS Investment Management LLC lifted its holdings in shares of Texas Instruments by 24.9% in the 4th quarter. NEOS Investment Management LLC now owns 115,172 shares of the semiconductor company’s stock worth $21,596,000 after purchasing an additional 22,930 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in Texas Instruments by 10.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 146,931 shares of the semiconductor company’s stock valued at $27,551,000 after purchasing an additional 13,614 shares during the period. Finally, Sava Infond d.o.o. bought a new position in Texas Instruments during the 4th quarter worth $248,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays lowered 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 reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

NASDAQ TXN opened at $184.49 on Thursday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39. The company has a market cap of $167.87 billion, a PE ratio of 35.55, a PEG ratio of 3.30 and a beta of 0.98. The stock’s 50-day moving average price is $186.90 and its two-hundred day moving average price is $194.99.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.95%. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company’s stock.

Texas Instruments Company 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.