Northwest & Ethical Investments L.P. Has $33.21 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Northwest & Ethical Investments L.P. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,117 shares of the semiconductor company’s stock after selling 19,913 shares during the period. Texas Instruments accounts for 0.9% of Northwest & Ethical Investments L.P.’s holdings, making the stock its 17th biggest position. Northwest & Ethical Investments L.P.’s holdings in Texas Instruments were worth $33,211,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Financial Life Planners acquired a new position in Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $28,000. Finally, Atala Financial Inc acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TXN shares. Barclays cut their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of 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 decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of TXN stock opened at $181.74 on Thursday. The firm has a market capitalization of $165.37 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm has a fifty day simple moving average of $187.91 and a two-hundred day simple moving average of $195.72. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS 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 quarter last year, the firm posted $1.49 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.35 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. Stockholders 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 dividend yield of 2.99%. Texas Instruments’s payout ratio is 104.82%.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction 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 sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments 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.