Texas Instruments Incorporated (NASDAQ:TXN) Stake Lowered by Zeno Equity Partners LLP

Zeno Equity Partners LLP cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,678 shares of the semiconductor company’s stock after selling 14,104 shares during the quarter. Texas Instruments makes up 7.8% of Zeno Equity Partners LLP’s portfolio, making the stock its 8th biggest holding. Zeno Equity Partners LLP’s holdings in Texas Instruments were worth $26,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Alliance LLC increased its stake in shares of Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Townsquare Capital LLC increased its position in Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock worth $19,353,000 after buying an additional 5,201 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after buying an additional 3,707 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after buying an additional 4,238 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Texas Instruments by 3.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company’s stock worth $23,079,000 after acquiring an additional 3,410 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $179.45 on Wednesday. The stock has a market cap of $163.28 billion, a P/E ratio of 34.58, a PEG 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. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.39. The company’s 50-day simple moving average is $188.11 and its 200 day simple moving average is $195.82.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 period in the previous year, the firm posted $1.49 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors 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 3.03%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TXN shares. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Wells Fargo & Company cut their target price on shares of 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. Finally, Barclays decreased 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 report on Friday, January 24th. Two investment 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. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Corporate insiders own 0.57% 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.