Johnson Financial Group Inc. Has $2.44 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Johnson Financial Group Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 66.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,113 shares of the semiconductor company’s stock after selling 25,825 shares during the quarter. Johnson Financial Group Inc.’s holdings in Texas Instruments were worth $2,439,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth $34,964,000. Coldstream Capital Management Inc. raised its holdings in Texas Instruments by 4.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 35,700 shares of the semiconductor company’s stock worth $6,694,000 after acquiring an additional 1,580 shares during the period. Voya Financial Advisors Inc. lifted its position in Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 58 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Texas Instruments by 43.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 121,949 shares of the semiconductor company’s stock valued at $22,867,000 after acquiring an additional 37,129 shares during the period. Finally, Topsail Wealth Management LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $1,155,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.5 %

Shares of Texas Instruments stock opened at $162.86 on Friday. The stock has a market capitalization of $148.19 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. 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 company has a 50-day simple moving average of $174.21 and a 200 day simple moving average of $187.82.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.34%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’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 transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday. Morgan Stanley reissued an “underweight” rating and issued a $148.00 price objective (up from $146.00) on shares of Texas Instruments in a research report on Thursday. UBS Group dropped their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup dropped their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $189.41.

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.