Brown Brothers Harriman & Co. Has $216.61 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Brothers Harriman & Co. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,155,175 shares of the semiconductor company’s stock after selling 17,966 shares during the quarter. Texas Instruments accounts for about 1.5% of Brown Brothers Harriman & Co.’s holdings, making the stock its 22nd largest position. Brown Brothers Harriman & Co. owned approximately 0.13% of Texas Instruments worth $216,607,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TXN. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock valued at $17,544,800,000 after purchasing an additional 649,620 shares during the period. State Street Corp lifted its position in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after buying an additional 391,306 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Geode Capital Management LLC grew its holdings in shares of Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after acquiring an additional 487,892 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Texas Instruments in the fourth quarter worth $2,584,490,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial dropped their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays reduced their target price 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 dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Down 2.5 %

Shares of TXN opened at $176.33 on Friday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The firm has a market capitalization of $160.45 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a 50-day simple moving average of $186.45 and a 200-day simple moving average of $194.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is currently 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.