Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,887 shares of the semiconductor company’s stock after selling 6,401 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Texas Instruments were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new position in Texas Instruments in the third quarter valued at $202,000. Quest Partners LLC acquired a new position in shares of Texas Instruments during the 3rd quarter valued at about $226,000. Great Valley Advisor Group Inc. lifted its holdings in shares of Texas Instruments by 5.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock worth $483,000 after acquiring an additional 111 shares during the period. FMR LLC boosted its position in shares of Texas Instruments by 4.1% in the third quarter. FMR LLC now owns 2,702,653 shares of the semiconductor company’s stock worth $558,287,000 after acquiring an additional 106,002 shares during the last quarter. Finally, Avestar Capital LLC grew its holdings in Texas Instruments by 14.2% in the third quarter. Avestar Capital LLC now owns 5,380 shares of the semiconductor company’s stock valued at $1,111,000 after purchasing an additional 670 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.3 %

NASDAQ:TXN opened at $184.49 on Thursday. The stock has a market cap of $167.87 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business’s 50-day simple moving average is $186.90 and its 200 day simple moving average is $194.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 10,816 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. 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. Benchmark reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments 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.