Knuff & Co LLC Sells 257 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Knuff & Co LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,670 shares of the semiconductor company’s stock after selling 257 shares during the quarter. Knuff & Co LLC’s holdings in Texas Instruments were worth $455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Annapolis Financial Services LLC boosted its position in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in Texas Instruments in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments in the fourth quarter worth about $26,000. Finally, AMH Equity Ltd purchased a new position in Texas Instruments in the third quarter worth about $32,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 228,529 shares of company stock worth $40,502,458 in the last quarter. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Mizuho raised their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Evercore ISI lifted their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Finally, Susquehanna lifted their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Price Performance

NASDAQ:TXN traded up $3.11 during trading hours on Friday, reaching $178.91. The stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a 50 day moving average price of $170.68 and a two-hundred day moving average price of $162.98. The stock has a market capitalization of $162.89 billion, a PE ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01.

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

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

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.