Tocqueville Asset Management L.P. Sells 150 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Tocqueville Asset Management L.P. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,790 shares of the semiconductor company’s stock after selling 150 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Texas Instruments were worth $3,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $202,000. Thrivent Financial for Lutherans increased its stake in Texas Instruments by 1.5% in the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock valued at $15,349,000 after purchasing an additional 1,095 shares in the last quarter. Quest Partners LLC acquired a new stake in Texas Instruments in the third quarter worth $226,000. LMR Partners LLP bought a new position in shares of Texas Instruments during the third quarter worth $2,694,000. Finally, Drive Wealth Management LLC grew its holdings in shares of Texas Instruments by 15.9% in the 3rd quarter. Drive Wealth Management LLC now owns 1,280 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 176 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two 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, the stock presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Trading Down 0.3 %

Shares of Texas Instruments stock opened at $179.45 on Wednesday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $188.11 and its 200-day moving average is $195.82. The stock has a market cap of $163.28 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 period in the previous year, the company earned $1.49 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders 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 yield of 3.03%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. Company insiders own 0.57% of the company’s stock.

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.