Associated Banc Corp Sells 2,855 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Associated Banc Corp lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,900 shares of the semiconductor company’s stock after selling 2,855 shares during the period. Associated Banc Corp’s holdings in Texas Instruments were worth $6,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. HMV Wealth Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter worth approximately $603,000. Midwest Professional Planners LTD. increased its stake in shares of Texas Instruments by 6.8% during the fourth quarter. Midwest Professional Planners LTD. now owns 2,705 shares of the semiconductor company’s stock worth $507,000 after purchasing an additional 172 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Texas Instruments by 8.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,378,371 shares of the semiconductor company’s stock worth $633,478,000 after purchasing an additional 268,305 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Texas Instruments by 0.4% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 34,915 shares of the semiconductor company’s stock worth $6,547,000 after purchasing an additional 134 shares during the period. Finally, Renasant Bank increased its stake in shares of Texas Instruments by 3.1% during the fourth quarter. Renasant Bank now owns 2,827 shares of the semiconductor company’s stock worth $530,000 after purchasing an additional 86 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of several analyst reports. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company’s stock.

Texas Instruments Trading Up 1.6 %

Shares of TXN stock opened at $176.42 on Friday. The firm has a market capitalization of $160.53 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $188.61 and its 200 day simple moving average is $196.47.

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 last year, the company posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.08%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.