Securian Asset Management Inc. Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Securian Asset Management Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,026 shares of the semiconductor company’s stock after selling 1,472 shares during the period. Securian Asset Management Inc.’s holdings in Texas Instruments were worth $9,193,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cahill Financial Advisors Inc. increased its stake in Texas Instruments by 3.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after buying an additional 49 shares in the last quarter. KCM Investment Advisors LLC increased its stake in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares in the last quarter. HF Advisory Group LLC increased its stake in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after buying an additional 52 shares in the last quarter. Bell Bank boosted its holdings in shares of Texas Instruments by 3.4% during the 3rd quarter. Bell Bank now owns 1,602 shares of the semiconductor company’s stock worth $331,000 after purchasing an additional 53 shares during the last quarter. Finally, Blossom Wealth Management boosted its holdings in shares of Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $177.34 on Wednesday. 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 company has a market cap of $161.36 billion, a P/E ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a 50-day moving average price of $189.39 and a 200 day moving average price of $197.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 prior year, the company earned $1.49 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.07%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the firm’s 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This trade represents a 19.17 % 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TXN. Truist Financial lowered 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. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Two research 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 data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average 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.