Moloney Securities Asset Management LLC Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Moloney Securities Asset Management LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,780 shares of the semiconductor company’s stock after selling 430 shares during the period. Moloney Securities Asset Management LLC’s holdings in Texas Instruments were worth $3,053,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors raised its position in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Legal & General Group Plc lifted its stake in Texas Instruments by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after buying an additional 64,067 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Texas Instruments by 3.6% during the third quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company’s stock valued at $1,244,381,000 after acquiring an additional 212,888 shares during the last quarter. Finally, Fayez Sarofim & Co increased its holdings in shares of Texas Instruments by 2.5% during the 1st quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock worth $744,218,000 after buying an additional 104,806 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

TXN opened at $203.66 on Tuesday. The business has a fifty day simple moving average of $203.72 and a 200-day simple moving average of $197.33. The firm has a market cap of $185.78 billion, a PE ratio of 37.86, a P/E/G ratio of 4.48 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $143.08 and a fifty-two week high of $214.66. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Analysts Set New Price Targets

Several research firms recently commented on TXN. Deutsche Bank Aktiengesellschaft raised their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Truist Financial dropped their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus raised their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $206.95.

Insider Activity

In related news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 in the last 90 days. Company insiders own 0.68% of the company’s stock.

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.