Sentry Investment Management LLC Sells 626 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sentry Investment Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,404 shares of the semiconductor company’s stock after selling 626 shares during the quarter. Sentry Investment Management LLC’s holdings in Texas Instruments were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wrapmanager Inc. grew its holdings in Texas Instruments by 4.8% in the fourth quarter. Wrapmanager Inc. now owns 2,912 shares of the semiconductor company’s stock worth $546,000 after purchasing an additional 133 shares during the last quarter. Mengis Capital Management Inc. boosted its position in shares of Texas Instruments by 22.5% in the 4th quarter. Mengis Capital Management Inc. now owns 1,253 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 230 shares in the last quarter. Pring Turner Capital Group Inc. grew its stake in Texas Instruments by 4.8% during the 4th quarter. Pring Turner Capital Group Inc. now owns 26,632 shares of the semiconductor company’s stock worth $4,994,000 after buying an additional 1,219 shares during the last quarter. BankPlus Trust Department purchased a new position in Texas Instruments during the 4th quarter worth $3,250,000. Finally, Edge Capital Group LLC increased its position in Texas Instruments by 12.1% during the 4th quarter. Edge Capital Group LLC now owns 6,843 shares of the semiconductor company’s stock valued at $1,283,000 after buying an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred 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 transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,655 shares of company stock valued at $40,665,374. 0.68% of the stock is owned by company insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $199.98 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $182.05 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 3.30 and a beta of 0.97. The firm’s 50 day simple moving average is $188.91 and its 200-day simple moving average is $197.69. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 firm earned $1.49 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.72%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXN shares. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho cut their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.