River Road Asset Management LLC Sells 16,772 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

River Road Asset Management LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 32,242 shares of the semiconductor company’s stock after selling 16,772 shares during the period. River Road Asset Management LLC’s holdings in Texas Instruments were worth $6,046,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TXN. Promus Capital LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth $28,000. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

TXN has been the subject of a number of research analyst reports. Barclays dropped 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 report on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Mizuho cut their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

TXN stock opened at $177.34 on Wednesday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The company has a market cap of $161.36 billion, a P/E ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98. The firm has a 50-day moving average of $189.39 and a 200 day moving average of $197.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % 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, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last three months. Corporate insiders own 0.68% of the company’s stock.

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.