Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,512 shares of the semiconductor company’s stock after selling 57 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Texas Instruments were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Liberty One Investment Management LLC lifted its stake in shares of Texas Instruments by 7.4% in the 4th quarter. Liberty One Investment Management LLC now owns 22,888 shares of the semiconductor company’s stock worth $4,292,000 after acquiring an additional 1,569 shares during the period. HF Advisory Group LLC raised its holdings in Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after purchasing an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in Texas Instruments by 3.8% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,463 shares of the semiconductor company’s stock valued at $1,212,000 after purchasing an additional 235 shares during the period. Moss Adams Wealth Advisors LLC boosted its holdings in Texas Instruments by 6.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,704 shares of the semiconductor company’s stock valued at $320,000 after purchasing an additional 97 shares in the last quarter. Finally, Nexus Investment Management ULC increased its position in Texas Instruments by 3.3% during the 4th quarter. Nexus Investment Management ULC now owns 100,665 shares of the semiconductor company’s stock worth $18,876,000 after purchasing an additional 3,190 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 2.7 %

Shares of TXN opened at $192.42 on Friday. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The stock’s 50-day moving average is $194.79 and its two-hundred day moving average is $199.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $175.53 billion, a PE ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the company earned $1.80 earnings per share. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TXN. Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial cut their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $209.71.

About Texas Instruments

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.