Chicago Capital LLC Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Chicago Capital LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,432 shares of the semiconductor company’s stock after selling 2,037 shares during the quarter. Chicago Capital LLC’s holdings in Texas Instruments were worth $1,640,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Gryphon Financial Partners LLC grew its holdings in shares of Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after purchasing an additional 1,870 shares during the last quarter. Principal Securities Inc. bought a new stake in Texas Instruments in the 4th quarter worth $1,624,000. Kovitz Investment Group Partners LLC increased its position in shares of Texas Instruments by 2.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,439 shares of the semiconductor company’s stock valued at $1,779,000 after acquiring an additional 248 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of Texas Instruments by 236.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,135 shares of the semiconductor company’s stock valued at $364,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Northwest Financial Advisors purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $83,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Susquehanna raised their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Barclays boosted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, August 21st. Finally, Truist Financial decreased their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $204.67.

Insider Buying and Selling

In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 2.0 %

NASDAQ:TXN traded down $4.10 on Friday, reaching $197.45. 6,314,390 shares of the stock traded hands, compared to its average volume of 5,550,251. The company’s fifty day simple moving average is $200.50 and its 200 day simple moving average is $187.40. The company has a market capitalization of $180.28 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.