Vontobel Holding Ltd. Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Vontobel Holding Ltd. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 44.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,032 shares of the semiconductor company’s stock after selling 45,601 shares during the period. Vontobel Holding Ltd.’s holdings in Texas Instruments were worth $10,694,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TXN. Creative Planning increased its stake in Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company’s stock valued at $43,590,000 after purchasing an additional 13,972 shares during the last quarter. Kowal Investment Group LLC purchased a new position in Texas Instruments in the third quarter valued at approximately $220,000. Good Life Advisors LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $408,000. Bleakley Financial Group LLC boosted its holdings in shares of Texas Instruments by 0.9% in the third quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company’s stock valued at $3,702,000 after acquiring an additional 160 shares during the period. Finally, Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $202,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TXN shares. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho decreased their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $209.20.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 1.2 %

NASDAQ:TXN opened at $183.03 on Friday. The stock has a fifty day moving average price of $188.38 and a two-hundred day moving average price of $197.51. The stock has a market capitalization of $166.96 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 1 year low of $158.90 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.