Buffington Mohr McNeal Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Buffington Mohr McNeal lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,851 shares of the semiconductor company’s stock after selling 1,883 shares during the quarter. Buffington Mohr McNeal’s holdings in Texas Instruments were worth $4,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares in the last quarter. State Street Corp boosted its stake in Texas Instruments by 1.9% in the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after buying an additional 721,775 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after buying an additional 839,964 shares in the last quarter. Morgan Stanley lifted its position in Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after purchasing an additional 5,191,426 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TXN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a research note on Tuesday, January 23rd. Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Evercore ISI started coverage on Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 price objective on the stock. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, Susquehanna cut their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $176.68.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value 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 approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $1.68 during midday trading on Tuesday, reaching $168.03. 1,525,472 shares of the company were exchanged, compared to its average volume of 5,458,214. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The stock has a fifty day simple moving average of $167.76 and a 200 day simple moving average of $161.62. The stock has a market cap of $152.92 billion, a P/E ratio of 23.56, a PEG ratio of 3.58 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $2.13 EPS. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 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.