Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 28.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,857 shares of the semiconductor company’s stock after selling 85,846 shares during the quarter. Fisher Asset Management LLC’s holdings in Texas Instruments were worth $39,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TXN. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 2.5 %

TXN opened at $196.02 on Monday. The business has a 50 day simple moving average of $189.49 and a 200-day simple moving average of $197.70. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The stock has a market capitalization of $178.44 billion, a P/E ratio of 37.77, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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 last year, the company posted $1.49 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated 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 sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company’s stock, valued at $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 three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TXN. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on 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. Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned 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 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.