Victory Capital Management Inc. Has $221.34 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Victory Capital Management Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,298,483 shares of the semiconductor company’s stock after selling 32,098 shares during the quarter. Victory Capital Management Inc.’s holdings in Texas Instruments were worth $221,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the fourth quarter worth $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments in the fourth quarter worth $26,000. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments in the third quarter worth $25,000. Finally, AMH Equity Ltd bought a new stake in Texas Instruments in the third quarter worth $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.7 %

NASDAQ TXN opened at $175.20 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm has a 50-day simple moving average of $170.17 and a 200 day simple moving average of $162.71. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The stock has a market cap of $159.52 billion, a PE ratio of 27.33, a PEG ratio of 3.76 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given 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 2.97%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Stifel Nicolaus upped their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. 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 company’s stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $180.74.

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.