Hillsdale Investment Management Inc. Sells 480 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Hillsdale Investment Management Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 843 shares of the semiconductor company’s stock after selling 480 shares during the period. Hillsdale Investment Management Inc.’s holdings in Texas Instruments were worth $144,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TXN. Field & Main Bank boosted its holdings in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after buying an additional 65 shares in the last quarter. Howard Financial Services LTD. boosted its holdings in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after buying an additional 66 shares in the last quarter. Sandy Spring Bank boosted its holdings in shares of Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after buying an additional 66 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after buying an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of Texas Instruments by 0.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after buying an additional 68 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research reports. Morgan Stanley upped their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Barclays upped their target price on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, KeyCorp increased their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $182.48.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $199.01 on Wednesday. The business’s 50-day moving average price is $175.50 and its two-hundred day moving average price is $166.91. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $199.30. The stock has a market cap of $181.19 billion, a P/E ratio of 31.05, a PEG ratio of 4.28 and a beta of 1.01. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s dividend payout ratio is 81.12%.

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.