Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 53.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,899 shares of the semiconductor company’s stock after selling 2,216 shares during the period. Navellier & Associates Inc.’s holdings in Texas Instruments were worth $356,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Management Nebraska acquired a new position in shares of Texas Instruments during the fourth quarter valued at $1,261,000. Prentice Wealth Management LLC increased its holdings in shares of Texas Instruments by 7.3% during the fourth quarter. Prentice Wealth Management LLC now owns 2,925 shares of the semiconductor company’s stock valued at $548,000 after purchasing an additional 198 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in shares of Texas Instruments by 2.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 4,796 shares of the semiconductor company’s stock valued at $899,000 after purchasing an additional 114 shares during the period. Matauro LLC acquired a new position in shares of Texas Instruments during the fourth quarter valued at $208,000. Finally, Dividend Assets Capital LLC increased its holdings in shares of Texas Instruments by 4.4% during the fourth quarter. Dividend Assets Capital LLC now owns 63,033 shares of the semiconductor company’s stock valued at $11,819,000 after purchasing an additional 2,647 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 1.0 %

NASDAQ:TXN opened at $202.00 on Monday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The firm has a market capitalization of $183.89 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 stock has a fifty day simple moving average of $188.44 and a 200 day simple moving average of $197.59.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data 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 quarter last year, the firm posted $1.49 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.69%. Texas Instruments’s payout ratio is presently 104.82%.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho lowered their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

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.