Callan Capital LLC Sells 132 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Callan Capital LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,099 shares of the semiconductor company’s stock after selling 132 shares during the period. Callan Capital LLC’s holdings in Texas Instruments were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TXN. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in 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. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. lifted its stake in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Baillie Gifford & Co. lifted its stake in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Texas Instruments in the third quarter worth $196,135,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $2.23 during trading hours on Friday, reaching $177.48. 5,401,537 shares of the stock traded hands, compared to its average volume of 5,707,532. The company has a 50 day moving average price of $169.29 and a 200 day moving average price of $162.22. The firm has a market capitalization of $161.52 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a quick ratio of 3.35, 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% 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 period in the previous year, the company posted $1.85 EPS. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TXN shares. Barclays dropped their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. KeyCorp raised their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Robert W. Baird raised their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments 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 issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

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.