TCW Group Inc. Sells 6,409 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

TCW Group Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,335 shares of the semiconductor company’s stock after selling 6,409 shares during the quarter. TCW Group Inc.’s holdings in Texas Instruments were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. Field & Main Bank raised its position in shares of Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 65 shares in the last quarter. Howard Financial Services LTD. lifted its stake in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the period. Sandy Spring Bank lifted its stake in Texas Instruments by 3.5% in the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 66 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after buying an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after buying an additional 68 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.89 during midday trading on Friday, reaching $199.18. The company had a trading volume of 4,354,367 shares, compared to its average volume of 5,450,153. The stock has a market cap of $181.35 billion, a P/E ratio of 31.07, a P/E/G ratio of 4.24 and a beta of 1.01. The company’s 50 day moving average price is $177.15 and its 200 day moving average price is $167.73. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $203.62.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.61%. Texas Instruments’s payout ratio is presently 81.12%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 in the last 90 days. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TXN shares. Stifel Nicolaus increased their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Mizuho increased their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Evercore ISI boosted their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Susquehanna increased their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $182.48.

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.