Mitsubishi UFJ Trust & Banking Corp Sells 223,558 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 907,767 shares of the semiconductor company’s stock after selling 223,558 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Texas Instruments were worth $170,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Promus Capital LLC purchased a new stake in Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the fourth quarter worth about $28,000. Finally, Atala Financial Inc bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $37,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $185.51 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market capitalization of $168.80 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. The company has a fifty day moving average of $187.36 and a 200 day moving average of $195.16. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its earnings results 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 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays dropped 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 note on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $209.20.

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.