Hendley & Co. Inc. Lowers Holdings in Texas Instruments Incorporated (TXN)

Hendley & Co. Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,575 shares of the semiconductor company’s stock after selling 230 shares during the period. Texas Instruments accounts for approximately 3.3% of Hendley & Co. Inc.’s portfolio, making the stock its 9th largest holding. Hendley & Co. Inc.’s holdings in Texas Instruments were worth $5,724,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TXN. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares in the last quarter. Vanguard Group Inc boosted its stake in Texas Instruments by 1.0% during the third quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after buying an additional 807,808 shares during the period. Massachusetts Financial Services Co. MA raised its position in Texas Instruments by 3.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock valued at $2,549,597,000 after purchasing an additional 811,931 shares in the last quarter. Capital International Investors raised its position in Texas Instruments by 46.4% during the third quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock valued at $1,773,009,000 after purchasing an additional 5,240,065 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Texas Instruments by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock worth $1,484,661,000 after buying an additional 337,435 shares during the period. Institutional investors own 86.92% of the company’s stock.

NASDAQ:TXN opened at $107.15 on Thursday. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $118.48. The company has a market cap of $102.24 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.98 and a beta of 1.17.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Thursday, January 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

Several equities analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. BidaskClub lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Friday, January 25th. B. Riley lowered their price objective on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. BMO Capital Markets restated a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Thursday, January 24th. Finally, Royal Bank of Canada cut their target price on shares of Texas Instruments to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.74.

In other Texas Instruments news, insider Ahmad Bahai sold 26,963 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $103.75, for a total transaction of $2,797,411.25. Following the transaction, the insider now owns 58,928 shares in the company, valued at approximately $6,113,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 90,842 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total value of $9,187,759.88. The disclosure for this sale can be found here. Insiders have sold 178,044 shares of company stock valued at $18,178,452 in the last three months. 0.84% of the stock is owned by corporate insiders.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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