TD Asset Management Inc. Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

TD Asset Management Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 956,949 shares of the semiconductor company’s stock after selling 54,574 shares during the quarter. TD Asset Management Inc.’s holdings in Texas Instruments were worth $179,438,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HF Advisory Group LLC grew its holdings in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after buying an additional 52 shares in the last quarter. Blossom Wealth Management boosted its position in shares of Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 55 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 57 shares in the last quarter. Avitas Wealth Management LLC increased its holdings in Texas Instruments by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock valued at $2,032,000 after acquiring an additional 59 shares during the last quarter. Finally, Augustine Asset Management Inc. lifted its stake in Texas Instruments by 5.2% in the 4th quarter. Augustine Asset Management Inc. now owns 1,204 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TXN shares. Barclays reduced their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Truist Financial lowered their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced 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 research report on Monday, January 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $183.97 on Wednesday. The stock has a 50 day moving average price of $187.16 and a 200 day moving average price of $195.06. The firm has a market capitalization of $167.40 billion, a P/E ratio of 35.45, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 company earned $1.49 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.