Fulton Breakefield Broenniman LLC Sells 9,399 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Fulton Breakefield Broenniman LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,980 shares of the semiconductor company’s stock after selling 9,399 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Texas Instruments were worth $9,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TXN. AXQ Capital LP increased its holdings in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after buying an additional 155 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares during the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after buying an additional 8,311 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $180.74.

Insider Activity at Texas Instruments

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

Texas Instruments Price Performance

NASDAQ TXN opened at $177.48 on Friday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The firm’s 50 day moving average price is $169.29 and its 200-day moving average price is $162.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The company has a market cap of $161.59 billion, a PE ratio of 27.69, a P/E/G ratio of 3.79 and a beta of 1.04.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. 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.