Vancity Investment Management Ltd Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Vancity Investment Management Ltd trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,043 shares of the semiconductor company’s stock after selling 16,754 shares during the quarter. Texas Instruments makes up approximately 1.7% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 22nd largest position. Vancity Investment Management Ltd’s holdings in Texas Instruments were worth $11,940,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments during the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments during the fourth quarter worth $31,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Texas Instruments during the fourth quarter worth $34,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Texas Instruments during the fourth quarter worth $37,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Down 1.2 %

Shares of TXN traded down $2.38 during mid-day trading on Friday, reaching $193.90. The company’s stock had a trading volume of 3,479,132 shares, compared to its average volume of 5,594,803. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The stock has a market cap of $176.54 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 4.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company’s 50 day moving average is $184.81 and its 200 day moving average is $172.48.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Benchmark reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Truist Financial boosted their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. TD Cowen boosted their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Susquehanna boosted their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company began coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $182.48.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last three months. 0.68% of the stock is currently owned by company insiders.

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.