Bahl & Gaynor Inc. Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bahl & Gaynor Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,796,735 shares of the semiconductor company’s stock after selling 31,447 shares during the period. Texas Instruments accounts for about 1.8% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 17th biggest position. Bahl & Gaynor Inc.’s holdings in Texas Instruments were worth $336,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cahill Financial Advisors Inc. lifted its holdings in shares of Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after buying an additional 49 shares during the period. KCM Investment Advisors LLC raised its holdings in shares of Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares in the last quarter. Lansing Street Advisors lifted its stake in Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 51 shares during the period. ABLE Financial Group LLC grew its holdings in Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 52 shares in the last quarter. Finally, HF Advisory Group LLC increased its position in Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after purchasing an additional 52 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last three months. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of several research reports. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Mizuho dropped their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of TXN opened at $194.39 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a 50-day moving average of $189.57 and a two-hundred day moving average of $197.64. The stock has a market cap of $176.96 billion, a P/E ratio of 37.45, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 period last year, the company earned $1.49 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.80%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.