Corient Private Wealth LLC Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Corient Private Wealth LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,286,452 shares of the semiconductor company’s stock after selling 30,479 shares during the period. Corient Private Wealth LLC owned approximately 0.14% of Texas Instruments worth $240,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXN. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at $202,000. GSA Capital Partners LLP acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $872,000. Zions Bancorporation N.A. increased its position in shares of Texas Instruments by 55.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 1,810 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 646 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of Texas Instruments by 3.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,777 shares of the semiconductor company’s stock valued at $3,259,000 after acquiring an additional 524 shares during the period. Finally, KCM Investment Advisors LLC increased its position in shares of Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $176.42 on Friday. The stock has a market capitalization of $160.53 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The stock’s 50-day moving average price is $188.61 and its 200-day moving average price is $196.37. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 last year, the firm posted $1.49 EPS. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal 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 3.08%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm’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 transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXN has been the topic of several research reports. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $209.20.

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.