Invesco LLC Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Invesco LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,447 shares of the semiconductor company’s stock after selling 327 shares during the quarter. Texas Instruments comprises 1.1% of Invesco LLC’s investment portfolio, making the stock its 20th biggest position. Invesco LLC’s holdings in Texas Instruments were worth $2,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Annapolis Financial Services LLC raised its position in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Finally, Riverview Trust Co raised its position in shares of Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 66 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 1.1 %

Texas Instruments stock traded up $1.78 during trading hours on Monday, hitting $168.11. The stock had a trading volume of 1,368,670 shares, compared to its average volume of 5,463,763. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $152.99 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The stock’s 50-day moving average price is $167.61 and its 200-day moving average price is $161.57.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.09%. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TXN shares. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Susquehanna reduced their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, Barclays reduced their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $174.42.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.