Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 56,318 shares of the semiconductor company’s stock after selling 1,090 shares during the period. Hartford Investment Management Co.’s holdings in Texas Instruments were worth $10,560,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TXN. Assenagon Asset Management S.A. boosted its stake in Texas Instruments by 948.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after purchasing an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after buying an additional 609,905 shares during the period. Geode Capital Management LLC grew its holdings in shares of Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after buying an additional 487,892 shares in the last quarter. Finally, State Street Corp raised its position in Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after buying an additional 391,306 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. Bank of America lowered their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two research 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 MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred 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 transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $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. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

TXN opened at $179.25 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market capitalization of $163.52 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The business’s 50-day moving average price is $189.32 and its two-hundred day moving average price is $197.91.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 posted $1.49 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.03%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.