Harvest Fund Management Co. Ltd Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Harvest Fund Management Co. Ltd trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the 4th quarter, HoldingsChannel reports. The firm owned 82,189 shares of the semiconductor company’s stock after selling 11,608 shares during the quarter. Texas Instruments makes up about 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 22nd largest position. Harvest Fund Management Co. Ltd’s holdings in Texas Instruments were worth $15,011,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TXN. State Street Corp raised its position in Texas Instruments by 0.9% during the third 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. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Geode Capital Management LLC raised its position in Texas Instruments by 2.3% during the third 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after acquiring an additional 36,441 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Texas Instruments by 1.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,773,932 shares of the semiconductor company’s stock valued at $1,605,861,000 after acquiring an additional 124,712 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $179.45 on Wednesday. The stock’s fifty day moving average is $188.11 and its two-hundred day moving average is $195.82. The firm 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. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released 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 last year, the company earned $1.49 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last quarter. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TXN shares. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.