Harvest Fund Management Co. Ltd Sells 11,608 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Harvest Fund Management Co. Ltd lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,189 shares of the semiconductor company’s stock after selling 11,608 shares during the quarter. Texas Instruments accounts for 0.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 22nd biggest holding. Harvest Fund Management Co. Ltd’s holdings in Texas Instruments were worth $15,011,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $202,000. Thrivent Financial for Lutherans increased its position in shares of Texas Instruments by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company’s stock valued at $15,349,000 after purchasing an additional 1,095 shares during the last quarter. Quest Partners LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $226,000. LMR Partners LLP bought a new position in Texas Instruments in the 3rd quarter valued at $2,694,000. Finally, Drive Wealth Management LLC grew its position in Texas Instruments by 15.9% in the 3rd quarter. Drive Wealth Management LLC now owns 1,280 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Down 0.3 %

Shares of NASDAQ TXN opened at $179.45 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $163.28 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The business has a fifty day moving average price of $188.11 and a 200 day moving average price of $195.82.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Texas Instruments Company 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.