NFJ Investment Group LLC Sells 2,362 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

NFJ Investment Group LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,195 shares of the semiconductor company’s stock after selling 2,362 shares during the quarter. NFJ Investment Group LLC’s holdings in Texas Instruments were worth $15,946,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TXN. Park Avenue Securities LLC increased its stake in Texas Instruments by 9.1% during the 2nd quarter. Park Avenue Securities LLC now owns 11,888 shares of the semiconductor company’s stock worth $2,313,000 after purchasing an additional 995 shares in the last quarter. CVA Family Office LLC increased its position in shares of Texas Instruments by 55.2% during the second quarter. CVA Family Office LLC now owns 768 shares of the semiconductor company’s stock worth $149,000 after acquiring an additional 273 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Texas Instruments by 4.8% during the second quarter. Matrix Trust Co now owns 10,943 shares of the semiconductor company’s stock worth $2,129,000 after acquiring an additional 499 shares during the period. Albion Financial Group UT lifted its position in Texas Instruments by 4.1% in the 2nd quarter. Albion Financial Group UT now owns 25,442 shares of the semiconductor company’s stock valued at $4,949,000 after acquiring an additional 998 shares in the last quarter. Finally, M. Kraus & Co acquired a new position in Texas Instruments in the 2nd quarter worth $211,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXN has been the topic of several research reports. Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Barclays reduced their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial cut their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $3.39 during trading on Tuesday, reaching $198.39. 530,061 shares of the company traded hands, compared to its average volume of 5,532,934. The firm has a market capitalization of $180.98 billion, a PE ratio of 37.51, a PEG ratio of 4.40 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $154.02 and a 52 week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $204.29 and its two-hundred day moving average is $200.89.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.