Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sumitomo Mitsui Trust Group Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,260,990 shares of the semiconductor company’s stock after selling 8,823 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Texas Instruments worth $423,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Atomi Financial Group Inc. lifted its holdings in shares of Texas Instruments by 14.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,648 shares of the semiconductor company’s stock valued at $754,000 after acquiring an additional 470 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Texas Instruments by 0.4% in the 3rd quarter. Brookstone Capital Management now owns 17,569 shares of the semiconductor company’s stock worth $3,629,000 after purchasing an additional 67 shares during the period. Daymark Wealth Partners LLC increased its position in shares of Texas Instruments by 8.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 9,408 shares of the semiconductor company’s stock valued at $1,943,000 after purchasing an additional 744 shares during the last quarter. CWM LLC raised its holdings in Texas Instruments by 2.2% during the 3rd quarter. CWM LLC now owns 72,450 shares of the semiconductor company’s stock valued at $14,966,000 after buying an additional 1,541 shares during the period. Finally, Wedmont Private Capital raised its holdings in Texas Instruments by 12.6% during the 3rd quarter. Wedmont Private Capital now owns 6,101 shares of the semiconductor company’s stock valued at $1,228,000 after buying an additional 685 shares during the period. 84.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN stock opened at $183.28 on Friday. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The firm has a market cap of $167.19 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.94 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 firm has a 50-day simple moving average of $190.49 and a two-hundred day simple moving average of $198.32.

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, topping the consensus estimate 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 period last year, the company earned $1.49 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.42 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial dropped their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Susquehanna reduced their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Finally, Morgan Stanley boosted 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

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.