New England Asset Management Inc. Sells 3,910 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

New England Asset Management Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,827 shares of the semiconductor company’s stock after selling 3,910 shares during the period. New England Asset Management Inc.’s holdings in Texas Instruments were worth $5,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JARISLOWSKY FRASER Ltd boosted its stake in Texas Instruments by 7.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 165 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its holdings in shares of Texas Instruments by 17.3% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,033 shares of the semiconductor company’s stock valued at $569,000 after purchasing an additional 448 shares during the period. Geller Advisors LLC boosted its position in shares of Texas Instruments by 2.8% during the 4th quarter. Geller Advisors LLC now owns 4,578 shares of the semiconductor company’s stock worth $858,000 after purchasing an additional 123 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Texas Instruments by 41.2% in the 4th quarter. Gotham Asset Management LLC now owns 51,845 shares of the semiconductor company’s stock valued at $9,721,000 after buying an additional 15,125 shares during the period. Finally, Focus Partners Wealth increased its position in Texas Instruments by 35.8% in the 4th quarter. Focus Partners Wealth now owns 71,022 shares of the semiconductor company’s stock valued at $13,544,000 after buying an additional 18,707 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on TXN. KeyCorp cut their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $189.41.

Insider Activity

In related news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,065 shares of company stock valued at $59,734,685 in the last three months. Company insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $187.28 on Tuesday. The company has a market capitalization of $170.14 billion, a PE ratio of 36.08, a PEG ratio of 3.30 and a beta of 0.97. 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 stock’s 50 day moving average price is $167.13 and its 200-day moving average price is $184.82. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

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.