Bridge Creek Capital Management LLC Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Bridge Creek Capital Management LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,834 shares of the semiconductor company’s stock after selling 65 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in Texas Instruments were worth $3,344,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cooper Financial Group boosted its holdings in Texas Instruments by 15.0% in the fourth quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 195 shares during the period. Moody National Bank Trust Division raised its holdings in Texas Instruments by 1.5% in the fourth quarter. Moody National Bank Trust Division now owns 8,125 shares of the semiconductor company’s stock valued at $1,524,000 after acquiring an additional 117 shares in the last quarter. Westmount Partners LLC lifted its stake in Texas Instruments by 6.3% in the fourth quarter. Westmount Partners LLC now owns 1,334 shares of the semiconductor company’s stock worth $250,000 after acquiring an additional 79 shares during the last quarter. Agate Pass Investment Management LLC grew its holdings in Texas Instruments by 3.5% during the 4th quarter. Agate Pass Investment Management LLC now owns 11,599 shares of the semiconductor company’s stock worth $2,175,000 after acquiring an additional 389 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its position in shares of Texas Instruments by 0.9% in the 4th quarter. Capital Investment Advisors LLC now owns 12,313 shares of the semiconductor company’s stock valued at $2,309,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.4 %

Shares of Texas Instruments stock traded up $0.81 during trading hours on Monday, hitting $190.96. 2,409,306 shares of the company’s stock traded hands, compared to its average volume of 4,647,835. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The stock has a 50 day simple moving average of $196.73 and a 200-day simple moving average of $199.78. The company has a market cap of $174.20 billion, a PE ratio of 35.49, a PEG ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.85%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI raised their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Susquehanna lowered their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $209.71.

Insiders Place Their Bets

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

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.