Mitsubishi UFJ Trust & Banking Corp Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Mitsubishi UFJ Trust & Banking Corp reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 19.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 907,767 shares of the semiconductor company’s stock after selling 223,558 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Texas Instruments worth $170,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TXN. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $202,000. Quest Partners LLC purchased a new position in Texas Instruments in the 3rd quarter worth $226,000. Great Valley Advisor Group Inc. lifted its stake in Texas Instruments by 5.0% in the third quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 111 shares during the last quarter. Swedbank AB boosted its position in Texas Instruments by 32.3% during the third quarter. Swedbank AB now owns 327,124 shares of the semiconductor company’s stock valued at $67,574,000 after buying an additional 79,796 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Texas Instruments by 75.8% during the third quarter. Larson Financial Group LLC now owns 3,687 shares of the semiconductor company’s stock valued at $762,000 after buying an additional 1,590 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Barclays lowered their price target on shares of 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, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’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 completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Texas Instruments Stock Performance

Shares of TXN stock opened at $185.51 on Tuesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company’s fifty day moving average price is $187.36 and its 200-day moving average price is $195.16. The stock has a market cap of $168.80 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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 earned $1.49 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 2.93%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.