Sandhill Capital Partners LLC Has $3.57 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Sandhill Capital Partners LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,928 shares of the semiconductor company’s stock after selling 1,665 shares during the quarter. Sandhill Capital Partners LLC’s holdings in Texas Instruments were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Vanguard Group Inc. increased its position in Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after acquiring an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 4.7% during 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 acquiring an additional 839,964 shares during the period. Morgan Stanley increased its position in Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the period. Northern Trust Corp increased its holdings in Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction 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 transaction, the director now 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. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research note on Wednesday. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of NASDAQ TXN traded up $0.44 during trading hours on Thursday, hitting $175.25. The company had a trading volume of 9,129,091 shares, compared to its average volume of 5,711,318. The stock has a market capitalization of $159.49 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The firm’s 50 day moving average is $168.66 and its 200-day moving average is $161.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.97%. Texas Instruments’s payout ratio is currently 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.