TCV Trust & Wealth Management Inc. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

TCV Trust & Wealth Management Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,904 shares of the semiconductor company’s stock after selling 206 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Texas Instruments were worth $545,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TXN. Exchange Traded Concepts LLC raised its stake in shares of Texas Instruments by 18.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,135 shares of the semiconductor company’s stock valued at $1,267,000 after acquiring an additional 973 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Texas Instruments by 703.8% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 3,561 shares of the semiconductor company’s stock worth $736,000 after buying an additional 3,118 shares in the last quarter. CX Institutional boosted its position in Texas Instruments by 5.2% in the 3rd quarter. CX Institutional now owns 3,481 shares of the semiconductor company’s stock valued at $719,000 after buying an additional 173 shares during the period. Creative Planning grew its stake in shares of Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company’s stock worth $43,590,000 after acquiring an additional 13,972 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Texas Instruments by 32.3% during the third quarter. Swedbank AB now owns 327,124 shares of the semiconductor company’s stock worth $67,574,000 after acquiring an additional 79,796 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company’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 transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Trading Down 0.6 %

TXN opened at $179.25 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. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The business’s 50 day moving average is $189.32 and its two-hundred day moving average is $197.91. The firm has a market cap of $163.52 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its 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 business posted $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 dividend yield of 3.03%. Texas Instruments’s payout ratio is 104.82%.

Analyst Upgrades and Downgrades

TXN has been the subject of several analyst reports. Bank of America lowered their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Barclays reduced their target price 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. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $209.20.

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.