Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,680 shares of the semiconductor company’s stock after selling 1,124 shares during the quarter. Baxter Bros Inc.’s holdings in Texas Instruments were worth $6,503,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Promus Capital LLC purchased a new position in Texas Instruments in the 4th quarter valued at approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter valued at $28,000. Finally, Atala Financial Inc purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 3.6 %

NASDAQ TXN opened at $185.51 on Tuesday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The company has a market capitalization of $168.80 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. The stock’s 50 day moving average is $187.36 and its two-hundred day moving average is $195.16. 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 (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the company posted $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the business’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 completion of the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TXN shares. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered 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 report on Monday, January 13th. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $209.20.

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.