SG Americas Securities LLC Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

SG Americas Securities LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 88.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,998 shares of the semiconductor company’s stock after selling 162,730 shares during the period. SG Americas Securities LLC’s holdings in Texas Instruments were worth $4,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Daymark Wealth Partners LLC grew its holdings in shares of Texas Instruments by 2.4% in the second quarter. Daymark Wealth Partners LLC now owns 8,664 shares of the semiconductor company’s stock valued at $1,685,000 after purchasing an additional 201 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Texas Instruments in the second quarter worth $12,609,000. The Manufacturers Life Insurance Company increased its position in shares of Texas Instruments by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock worth $778,750,000 after acquiring an additional 129,717 shares during the period. Legal & General Group Plc raised its stake in shares of Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after acquiring an additional 64,067 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in Texas Instruments by 83.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock valued at $16,303,000 after purchasing an additional 38,122 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on TXN shares. Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.20.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 7.5 %

Shares of NASDAQ:TXN opened at $185.52 on Friday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $193.69 and its 200-day simple moving average is $199.57. The company has a market cap of $169.24 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period last year, the firm posted $1.49 EPS. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s payout ratio is currently 101.12%.

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.