Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,868 shares of the semiconductor company’s stock after selling 214 shares during the quarter. MJP Associates Inc. ADV’s holdings in Texas Instruments were worth $538,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank raised its stake in shares of Texas Instruments by 6.3% in the fourth quarter. Czech National Bank now owns 197,787 shares of the semiconductor company’s stock worth $37,087,000 after purchasing an additional 11,790 shares during the last quarter. Aprio Wealth Management LLC raised its position in Texas Instruments by 5.6% during the fourth quarter. Aprio Wealth Management LLC now owns 1,919 shares of the semiconductor company’s stock valued at $360,000 after acquiring an additional 102 shares in the last quarter. Matrix Trust Co raised its position in Texas Instruments by 13.2% during the fourth quarter. Matrix Trust Co now owns 12,055 shares of the semiconductor company’s stock valued at $2,260,000 after acquiring an additional 1,407 shares in the last quarter. Fiduciary Alliance LLC raised its position in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in Texas Instruments by 1.4% during the fourth quarter. Trust Co. of Toledo NA OH now owns 7,854 shares of the semiconductor company’s stock valued at $1,473,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TXN shares. Wells Fargo & Company reduced their price target on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Cantor Fitzgerald cut their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $189.41.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,914,158.52. The trade was a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock valued at $59,734,685 over the last three months. 0.57% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $172.27 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a fifty day moving average price of $167.29 and a 200 day moving average price of $184.96. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a market cap of $156.50 billion, a PE ratio of 33.19, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. 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 will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

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.