Capital International Investors Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Capital International Investors lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,876,754 shares of the semiconductor company’s stock after selling 3,734,455 shares during the quarter. Capital International Investors’ holdings in Texas Instruments were worth $1,395,378,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TXN. Financial Architects Inc boosted its position in Texas Instruments by 14.4% during the fourth quarter. Financial Architects Inc now owns 645 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 81 shares in the last quarter. Roundview Capital LLC boosted its holdings in shares of Texas Instruments by 0.5% in the fourth quarter. Roundview Capital LLC now owns 18,892 shares of the semiconductor company’s stock valued at $2,424,000 after buying an additional 87 shares during the period. Northstar Wealth Partners LLC boosted its holdings in shares of Texas Instruments by 2.7% in the fourth quarter. Northstar Wealth Partners LLC now owns 3,400 shares of the semiconductor company’s stock valued at $436,000 after buying an additional 88 shares during the period. Tompkins Financial Corp boosted its holdings in shares of Texas Instruments by 1.9% in the fourth quarter. Tompkins Financial Corp now owns 4,708 shares of the semiconductor company’s stock valued at $604,000 after buying an additional 89 shares during the period. Finally, Meridian Wealth Management LLC boosted its holdings in Texas Instruments by 5.3% during the fourth quarter. Meridian Wealth Management LLC now owns 1,799 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 90 shares during the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.

TXN has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of Texas Instruments from $150.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Oppenheimer raised their price target on shares of Texas Instruments from to in a research note on Friday, January 17th. Royal Bank of Canada raised their price target on shares of Texas Instruments from $124.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Goldman Sachs Group lowered shares of Texas Instruments from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $123.00 to $88.00 in a report on Tuesday. Finally, UBS Group raised their price objective on shares of Texas Instruments from $110.00 to $117.00 and gave the company a “sell” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $125.45.

In related news, CEO Richard K. Templeton sold 135,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $127.57, for a total value of $17,221,950.00. Following the sale, the chief executive officer now directly owns 728,738 shares in the company, valued at approximately $92,965,106.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darla H. Whitaker sold 6,075 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $122.49, for a total value of $744,126.75. Following the sale, the vice president now owns 58,469 shares in the company, valued at $7,161,867.81. The disclosure for this sale can be found here. Insiders sold a total of 661,503 shares of company stock valued at $84,059,352 in the last quarter. 0.73% of the stock is currently owned by company insiders.

Texas Instruments stock traded up $5.89 during mid-day trading on Thursday, hitting $105.05. 4,400,157 shares of the stock were exchanged, compared to its average volume of 10,129,518. The company has a quick ratio of 3.18, a current ratio of 4.13 and a debt-to-equity ratio of 0.60. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $135.70. The firm’s fifty day simple moving average is $117.40 and its two-hundred day simple moving average is $123.46. The stock has a market capitalization of $92.84 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.30 and a beta of 1.17.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.10. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.21 billion. Texas Instruments had a net margin of 34.83% and a return on equity of 56.21%. Texas Instruments’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 4.9 earnings per share for the current fiscal year.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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