Wellington Management Group LLP Has $3.92 Billion Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wellington Management Group LLP decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,880,014 shares of the semiconductor company’s stock after selling 1,167,511 shares during the period. Texas Instruments comprises 0.7% of Wellington Management Group LLP’s portfolio, making the stock its 22nd biggest position. Wellington Management Group LLP’s holdings in Texas Instruments were worth $3,915,211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments during the third quarter worth approximately $202,000. Captrust Financial Advisors raised its position in shares of Texas Instruments by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 95,644 shares of the semiconductor company’s stock valued at $19,757,000 after acquiring an additional 354 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Texas Instruments by 207.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,811 shares of the semiconductor company’s stock valued at $96,636,000 after purchasing an additional 315,672 shares during the period. Edgestream Partners L.P. bought a new position in shares of Texas Instruments in the 3rd quarter worth $229,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of Texas Instruments during the third quarter worth $1,388,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $176.33 on Monday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. 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 firm has a market cap of $160.45 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The business’s 50 day moving average is $186.45 and its 200-day moving average is $194.62.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 business posted $1.49 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TXN shares. Truist Financial cut their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays cut 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. Mizuho decreased their price objective 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. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target 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.