Financial Counselors Inc. Has $2.01 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Financial Counselors Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 10,719 shares of the semiconductor company’s stock after selling 219 shares during the quarter. Financial Counselors Inc.’s holdings in Texas Instruments were worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TXN. Penobscot Investment Management Company Inc. boosted its stake in Texas Instruments by 6.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 7,491 shares of the semiconductor company’s stock valued at $1,405,000 after purchasing an additional 425 shares during the period. Ipsen Advisor Group LLC acquired a new stake in Texas Instruments in the 4th quarter worth about $652,000. Florida Financial Advisors LLC boosted its holdings in Texas Instruments by 2.5% in the 4th quarter. Florida Financial Advisors LLC now owns 5,032 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 121 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Texas Instruments by 1.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 99,415 shares of the semiconductor company’s stock worth $18,641,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of Texas Instruments by 3.7% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 62 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target 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. Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their price objective on shares of 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. Finally, Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $180.76 on Friday. The stock’s 50-day moving average is $186.77 and its 200-day moving average is $194.89. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $164.48 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business posted $1.49 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is currently 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.