Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 30.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,404 shares of the semiconductor company’s stock after selling 626 shares during the period. Sentry Investment Management LLC’s holdings in Texas Instruments were worth $263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. purchased a new stake in Texas Instruments in the 3rd quarter valued at $28,000. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Texas Instruments during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $199.98 on Wednesday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38. The firm has a market cap of $182.05 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company’s 50 day moving average is $188.91 and its two-hundred day moving average is $197.69.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating 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 company earned $1.49 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TXN shares. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Barclays reduced their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated 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 completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $202.68, for a total value of $19,659,960.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,655 shares of company stock worth $40,665,374. Company insiders own 0.68% of the company’s stock.

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.