First Eagle Investment Management LLC Sells 571,364 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

First Eagle Investment Management LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,630,053 shares of the semiconductor company’s stock after selling 571,364 shares during the period. Texas Instruments accounts for approximately 1.5% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 25th biggest position. First Eagle Investment Management LLC owned approximately 0.40% of Texas Instruments worth $680,671,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Midwest Professional Planners LTD. lifted its position in shares of Texas Instruments by 6.8% during the 4th quarter. Midwest Professional Planners LTD. now owns 2,705 shares of the semiconductor company’s stock worth $507,000 after buying an additional 172 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Texas Instruments by 8.6% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 3,378,371 shares of the semiconductor company’s stock valued at $633,478,000 after purchasing an additional 268,305 shares in the last quarter. Alpine Woods Capital Investors LLC grew its position in shares of Texas Instruments by 0.4% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 34,915 shares of the semiconductor company’s stock valued at $6,547,000 after purchasing an additional 134 shares in the last quarter. Renasant Bank grew its position in Texas Instruments by 3.1% in the fourth quarter. Renasant Bank now owns 2,827 shares of the semiconductor company’s stock worth $530,000 after acquiring an additional 86 shares in the last quarter. Finally, Aviso Financial Inc. grew its position in Texas Instruments by 15.1% in the fourth quarter. Aviso Financial Inc. now owns 15,952 shares of the semiconductor company’s stock worth $2,991,000 after acquiring an additional 2,096 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Texas Instruments stock opened at $173.60 on Friday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $188.89 and its 200 day simple moving average is $196.69. The firm has a market capitalization of $157.96 billion, a PE ratio of 33.45, a P/E/G ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter last year, the company posted $1.49 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.13%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TXN. Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. 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 report on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated 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 transaction, the chairman now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. 0.57% of the stock is owned by insiders.

About Texas Instruments

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.