Dohj LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Dohj LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,944 shares of the semiconductor company’s stock after selling 962 shares during the period. Dohj LLC’s holdings in Texas Instruments were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after purchasing an additional 839,964 shares during the last quarter. Morgan Stanley increased its position in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. Northern Trust Corp increased its position in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on TXN. Truist Financial lifted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Susquehanna lifted their target price on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

NASDAQ TXN traded up $2.23 on Friday, reaching $177.48. The stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The business’s 50-day moving average price is $169.29 and its 200 day moving average price is $162.25. The stock has a market cap of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

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.