Dorsey & Whitney Trust CO LLC Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Dorsey & Whitney Trust CO LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,862 shares of the semiconductor company’s stock after selling 995 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Texas Instruments were worth $4,849,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Naviter Wealth LLC increased its holdings in shares of Texas Instruments by 17.2% in the 4th quarter. Naviter Wealth LLC now owns 12,039 shares of the semiconductor company’s stock valued at $2,257,000 after acquiring an additional 1,766 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Texas Instruments by 135.7% in the 4th quarter. Larson Financial Group LLC now owns 8,691 shares of the semiconductor company’s stock valued at $1,630,000 after purchasing an additional 5,004 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $4,360,000. Banco Santander S.A. boosted its position in shares of Texas Instruments by 74.5% in the 4th quarter. Banco Santander S.A. now owns 11,250 shares of the semiconductor company’s stock valued at $2,109,000 after purchasing an additional 4,803 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Texas Instruments by 9.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,535,706 shares of the semiconductor company’s stock valued at $310,372,000 after purchasing an additional 129,137 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial decreased 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Up 0.6 %

Texas Instruments stock opened at $190.52 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a market cap of $173.44 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The stock’s 50 day moving average price is $189.62 and its 200 day moving average price is $197.46.

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 the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the firm earned $1.49 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.86%. Texas Instruments’s dividend payout ratio is presently 104.82%.

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.