Twin Capital Management Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 55.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 54,460 shares of the semiconductor company’s stock after selling 68,410 shares during the quarter. Twin Capital Management Inc.’s holdings in Texas Instruments were worth $5,146,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Highwater Wealth Management LLC bought a new stake in Texas Instruments in the fourth quarter worth $34,000. Intercontinental Wealth Advisors LLC bought a new stake in Texas Instruments in the fourth quarter worth $40,000. Essex Savings Bank bought a new stake in Texas Instruments in the fourth quarter worth $42,000. Baldwin Brothers Inc. MA increased its position in Texas Instruments by 42.5% in the fourth quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 153 shares during the last quarter. Finally, G&S Capital LLC increased its position in Texas Instruments by 25.0% in the fourth quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.
TXN has been the subject of several recent analyst reports. Bank of America lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price objective for the company. in a research note on Friday, January 4th. JPMorgan Chase & Co. dropped their price objective on shares of Texas Instruments from $134.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. Robert W. Baird lowered their target price on shares of Texas Instruments from $115.00 to $97.00 and set a “neutral” rating for the company in a research note on Thursday, January 24th. B. Riley lowered their target price on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Finally, Royal Bank of Canada lowered their target price on shares of Texas Instruments to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $108.74.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Investors of record on Thursday, January 31st will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Wednesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
In other Texas Instruments news, VP Haren Julie Van sold 3,953 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $101.88, for a total value of $402,731.64. Following the completion of the transaction, the vice president now directly owns 30,523 shares in the company, valued at $3,109,683.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 90,842 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $101.14, for a total transaction of $9,187,759.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,295 shares of company stock valued at $16,651,930. 0.84% of the stock is owned by insiders.
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Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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