Kanawha Capital Management LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kanawha Capital Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,952 shares of the semiconductor company’s stock after selling 830 shares during the quarter. Kanawha Capital Management LLC’s holdings in Texas Instruments were worth $3,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in Texas Instruments by 18.8% in the third quarter. Exchange Traded Concepts LLC now owns 6,135 shares of the semiconductor company’s stock worth $1,267,000 after purchasing an additional 973 shares during the period. CX Institutional lifted its stake in shares of Texas Instruments by 5.2% in the third quarter. CX Institutional now owns 3,481 shares of the semiconductor company’s stock worth $719,000 after buying an additional 173 shares in the last quarter. Creative Planning lifted its stake in shares of Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company’s stock worth $43,590,000 after buying an additional 13,972 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its stake in shares of Texas Instruments by 881.1% in the third quarter. Jamison Private Wealth Management Inc. now owns 363 shares of the semiconductor company’s stock worth $75,000 after buying an additional 326 shares in the last quarter. Finally, Tsfg LLC lifted its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $180.80 on Friday. Texas Instruments Incorporated has a 12-month low of $156.57 and a 12-month high of $220.38. The firm has a 50-day moving average price of $188.63 and a 200-day moving average price of $197.63. The firm has a market capitalization of $164.93 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. 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 (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price objective 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. Mizuho reduced their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.