Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by abrdn plc

abrdn plc lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,635,285 shares of the semiconductor company’s stock after selling 70,238 shares during the period. Texas Instruments accounts for approximately 0.6% of abrdn plc’s portfolio, making the stock its 28th largest holding. abrdn plc’s holdings in Texas Instruments were worth $306,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cahill Financial Advisors Inc. boosted its holdings in shares of Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 49 shares during the period. KCM Investment Advisors LLC raised its holdings in shares of Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares during the period. Lansing Street Advisors raised its holdings in shares of Texas Instruments by 4.7% during the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after acquiring an additional 51 shares during the period. NorthCrest Asset Manangement LLC grew its position in Texas Instruments by 1.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC grew its position in Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Bank of America dropped their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Barclays decreased their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $180.94 on Tuesday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $165.06 billion, a PE ratio of 34.86, a P/E/G ratio of 2.94 and a beta of 0.97. The business has a 50 day moving average of $191.69 and a 200 day moving average of $198.75. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

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.