Eukles Asset Management Sells 513 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Eukles Asset Management lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,150 shares of the semiconductor company’s stock after selling 513 shares during the quarter. Eukles Asset Management’s holdings in Texas Instruments were worth $1,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TXN. Assenagon Asset Management S.A. lifted its holdings in Texas Instruments by 948.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after acquiring an additional 782,053 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after purchasing an additional 609,905 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after acquiring an additional 487,892 shares during the last quarter. Finally, State Street Corp grew its position in Texas Instruments by 0.9% in the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TXN has been the subject of several recent analyst reports. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $180.00 on Monday. The firm’s 50 day moving average price is $189.75 and its 200-day moving average price is $198.04. The stock has a market capitalization of $164.20 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the business earned $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

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.