Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,684 shares of the semiconductor company’s stock after selling 270 shares during the period. Argus Investors Counsel Inc.’s holdings in Texas Instruments were worth $878,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after purchasing an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after buying an additional 782,053 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Texas Instruments by 17,253.3% in the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after purchasing an additional 609,905 shares during the period. Geode Capital Management LLC increased its position in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after acquiring an additional 487,892 shares during the period. Finally, State Street Corp raised its stake in Texas Instruments by 0.9% during the 3rd quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after acquiring an additional 391,306 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Evercore ISI boosted their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note 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 research report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Price Performance

Shares of TXN opened at $181.59 on Thursday. The business has a 50-day simple moving average of $190.49 and a two-hundred day simple moving average of $198.32. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The stock has a market cap of $165.65 billion, a PE ratio of 34.99, a PEG ratio of 2.94 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the firm posted $1.49 EPS. Analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.