Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,866 shares of the semiconductor company’s stock after selling 86 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Texas Instruments were worth $16,851,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter worth $28,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $39,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Down 1.8 %

Shares of NASDAQ:TXN opened at $180.00 on Monday. The firm has a 50 day simple moving average of $189.75 and a 200-day simple moving average of $198.04. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $164.20 billion, a PE ratio of 34.68, a P/E/G ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the firm earned $1.49 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.38 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared 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. This represents a $5.44 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analyst Ratings Changes

Several analysts recently weighed in on TXN shares. Mizuho dropped their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Bank of America dropped their price objective 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. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.