First Fiduciary Investment Counsel Inc. Has $8.57 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Fiduciary Investment Counsel Inc. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,285 shares of the semiconductor company’s stock after selling 2,598 shares during the period. Texas Instruments accounts for 1.9% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 27th largest position. First Fiduciary Investment Counsel Inc.’s holdings in Texas Instruments were worth $8,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after acquiring an additional 839,964 shares during the period. Morgan Stanley lifted its position in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the period. Northern Trust Corp lifted its position in shares of Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after acquiring an additional 315,302 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Up 1.3 %

NASDAQ TXN opened at $177.48 on Friday. The stock has a fifty day moving average of $169.29 and a 200-day moving average of $162.22. The stock has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $1.85 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.2 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research reports. Robert W. Baird raised their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. Mizuho raised their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $180.74.

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.