Sky Investment Group LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sky Investment Group LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,145 shares of the semiconductor company’s stock after selling 220 shares during the quarter. Texas Instruments makes up 1.5% of Sky Investment Group LLC’s holdings, making the stock its 23rd biggest position. Sky Investment Group LLC’s holdings in Texas Instruments were worth $8,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Texas Instruments by 1.4% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 8,189 shares of the semiconductor company’s stock worth $1,536,000 after buying an additional 115 shares during the period. Guinness Atkinson Asset Management Inc lifted its position in shares of Texas Instruments by 23.4% during the fourth quarter. Guinness Atkinson Asset Management Inc now owns 5,345 shares of the semiconductor company’s stock worth $1,002,000 after acquiring an additional 1,014 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Texas Instruments by 0.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 9,773 shares of the semiconductor company’s stock valued at $1,833,000 after purchasing an additional 73 shares in the last quarter. Guinness Asset Management LTD raised its stake in shares of Texas Instruments by 5.2% during the 4th quarter. Guinness Asset Management LTD now owns 1,018,305 shares of the semiconductor company’s stock valued at $190,944,000 after purchasing an additional 50,668 shares during the period. Finally, Stokes Capital Advisors LLC lifted its holdings in Texas Instruments by 0.5% during the 4th quarter. Stokes Capital Advisors LLC now owns 42,496 shares of the semiconductor company’s stock worth $7,968,000 after purchasing an additional 194 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Performance

NASDAQ TXN opened at $192.42 on Tuesday. The company has a 50-day simple moving average of $194.79 and a two-hundred day simple moving average of $199.65. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The firm has a market cap of $175.53 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.74 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TXN. Truist Financial lowered their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $210.45.

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.