Alpine Woods Capital Investors LLC Sells 22,886 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Alpine Woods Capital Investors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 36.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,626 shares of the semiconductor company’s stock after selling 22,886 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Texas Instruments were worth $6,755,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Texas Instruments in the fourth quarter worth about $1,548,365,000. Moneta Group Investment Advisors LLC grew its position in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after buying an additional 8,349,393 shares during the last quarter. Morgan Stanley raised its stake in shares of Texas Instruments by 54.4% during the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after acquiring an additional 1,779,273 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent analyst reports. KeyCorp upped their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Susquehanna lowered 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. Rosenblatt Securities restated a “buy” rating and set a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $170.00 price objective on shares of Texas Instruments in a research report on Monday, March 4th. Finally, TD Cowen boosted their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.89.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $167.50 on Friday. The firm’s fifty day moving average is $166.77 and its two-hundred day moving average is $161.21. The firm has a market cap of $152.44 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 3.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The company’s revenue was down 12.7% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced 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 3.10%. Texas Instruments’s dividend payout ratio is currently 73.65%.

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.