QRG Capital Management Inc. Sells 3,978 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

QRG Capital Management Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 95,822 shares of the semiconductor company’s stock after selling 3,978 shares during the quarter. QRG Capital Management Inc.’s holdings in Texas Instruments were worth $17,968,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXN. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Texas Instruments during the 3rd quarter valued at about $41,000. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company’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 transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, 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 200,655 shares of company stock valued at $40,665,374 in the last quarter. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TXN shares. 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. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $198.24 on Thursday. The company has a market cap of $180.46 billion, a P/E ratio of 38.20, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business’s 50 day moving average price is $189.17 and its 200-day moving average price is $197.70. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the prior year, the company posted $1.49 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) 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.