Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Oak Harvest Investment Services

Oak Harvest Investment Services trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,570 shares of the semiconductor company’s stock after selling 251 shares during the quarter. Oak Harvest Investment Services’ holdings in Texas Instruments were worth $796,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $1,649,592,000. Morgan Stanley increased its stake in Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares during the period. California Public Employees Retirement System boosted its holdings in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXN. Robert W. Baird increased their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Truist Financial raised their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Benchmark increased their price target on shares of Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Mizuho increased their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Trading Up 0.3 %

Shares of NASDAQ:TXN traded up $0.52 during mid-day trading on Thursday, reaching $198.94. 2,454,756 shares of the company’s stock were exchanged, compared to its average volume of 4,417,241. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The business’s fifty day moving average price is $192.03 and its 200-day moving average price is $175.93. The firm has a market capitalization of $181.13 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 over the last three months. 0.68% of the stock is currently owned by insiders.

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.