Empirical Finance LLC Sells 415 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Empirical Finance LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,017 shares of the semiconductor company’s stock after selling 415 shares during the quarter. Empirical Finance LLC’s holdings in Texas Instruments were worth $5,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TXN. Perpetual Ltd acquired a new stake in Texas Instruments during the third quarter worth approximately $791,000. San Luis Wealth Advisors LLC acquired a new stake in Texas Instruments in the third quarter valued at approximately $217,000. LVW Advisors LLC grew its stake in Texas Instruments by 10.9% in the third quarter. LVW Advisors LLC now owns 1,340 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 132 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Texas Instruments by 58.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,926 shares of the semiconductor company’s stock valued at $1,431,000 after acquiring an additional 2,548 shares during the period. Finally, Wynn Capital LLC grew its stake in Texas Instruments by 5.9% in the third quarter. Wynn Capital LLC now owns 5,154 shares of the semiconductor company’s stock valued at $1,065,000 after acquiring an additional 285 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In related news, 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 sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $180.00 on Friday. The firm has a market capitalization of $164.20 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The business’s fifty day simple moving average is $189.75 and its 200 day simple moving average is $198.04. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38.

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 the consensus estimate 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 last year, the firm earned $1.49 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Dividend Announcement

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

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Barclays reduced their price objective 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. Morgan Stanley raised their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Mizuho cut their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.