Manning & Napier Group LLC Sells 29,789 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Manning & Napier Group LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,534 shares of the semiconductor company’s stock after selling 29,789 shares during the quarter. Manning & Napier Group LLC’s holdings in Texas Instruments were worth $28,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Annapolis Financial Services LLC raised its position in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the third quarter valued at about $25,000. Riverview Trust Co raised its holdings in Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Texas Instruments during the fourth quarter worth about $30,000. Finally, AMH Equity Ltd acquired a new position in Texas Instruments during the third quarter worth approximately $32,000. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TXN. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a report on Tuesday, January 23rd. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Barclays cut their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Susquehanna lowered their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.89.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.8 %

Shares of NASDAQ:TXN traded up $1.34 during trading on Friday, hitting $174.21. 4,417,751 shares of the company were exchanged, compared to its average volume of 5,881,871. The stock has a market capitalization of $158.54 billion, a P/E ratio of 24.68, a PEG ratio of 3.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The firm’s 50 day moving average price is $166.77 and its 200-day moving average price is $160.95.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion for 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 company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

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.