Bryn Mawr Capital Management LLC Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bryn Mawr Capital Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,833 shares of the semiconductor company’s stock after selling 136 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Texas Instruments were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Morgan Stanley grew its position 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 grew its position 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. grew its position 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. grew its position 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 position in Texas Instruments in the third quarter worth approximately $196,135,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $2.23 during mid-day trading on Friday, hitting $177.48. 5,401,537 shares of the stock were exchanged, compared to its average volume of 5,707,532. The stock’s fifty day simple moving average is $169.29 and its two-hundred day simple moving average is $162.22. The stock 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 12-month low of $139.48 and a 12-month high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

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, topping 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 firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $1.85 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

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 issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TXN shares. Susquehanna upped their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. KeyCorp upped their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Benchmark restated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three equities 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 stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average 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.