Intech Investment Management LLC Sells 8,925 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Intech Investment Management LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 38.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,181 shares of the semiconductor company’s stock after selling 8,925 shares during the period. Intech Investment Management LLC’s holdings in Texas Instruments were worth $2,929,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter worth about $28,000. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. acquired a new position in Texas Instruments during the third quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new position in Texas Instruments during the third quarter valued at approximately $45,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

NASDAQ:TXN opened at $198.00 on Friday. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a market cap of $180.62 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock’s 50-day simple moving average is $204.45 and its 200 day simple moving average is $200.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Truist Financial decreased their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Insider Transactions at Texas Instruments

In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 11.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock worth $3,126,464 in the last ninety days. Insiders own 0.68% 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.