Stratos Investment Management Reduces Texas Instruments Shares

Stratos Investment Management LLC has decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 17.6% during the fourth quarter, as revealed in their latest 13F filing with the Securities and Exchange Commission. After selling 1,701 shares in this period, the firm now holds 7,990 shares of the semiconductor company.

As of the end of the most recent quarter, Stratos Investment Management's holdings in Texas Instruments were valued at $1,498,000.

Institutional Investor Activity

Stratos Investment Management is not the only institutional investor that has either adjusted or acquired shares in Texas Instruments lately. Czech National Bank increased its stake by 7.2% in the third quarter and now owns 185,997 shares worth approximately $38.4 million after purchasing an additional 12,496 shares.

Azzad Asset Management Inc. ADV raised its position by 1.5% during the same quarter, bringing its total to 12,586 shares valued at $2.6 million after adding 188 shares. Diversified Trust Co also boosted its stake by 30.3% to 8,746 shares worth about $1.8 million after acquiring an additional 2,033 shares.

Meanwhile, Miracle Mile Advisors LLC increased its holdings by 13.7%, now owning 9,830 shares valued at around $2.03 million after buying 1,183 additional shares. Lastly, Fulton Bank N.A. enhanced its ownership by 1.3%, totaling 7,466 shares worth approximately $1.54 million after acquiring another 93 shares. Notably, institutional investors and hedge funds collectively hold 84.99% of Texas Instruments' stock.

Recent Stock Performance

As of Wednesday, Texas Instruments shares (NASDAQ:TXN) opened at $180.56. The company has recorded a 12-month low of $155.46 and a high of $220.38. Its 50-day moving average stands at $191.25, while the 200-day moving average is $198.57. Financially, Texas Instruments reports a quick ratio of 2.88, a current ratio of 4.12, and a debt-to-equity ratio of 0.76. The company boasts a market capitalization of $164.71 billion, a P/E ratio of 34.79, and a P/E/G ratio of 2.94, with a beta value of 0.97.

Quarterly Earnings Announcement

Texas Instruments most recently disclosed its quarterly earnings on January 23rd. The semiconductor maker announced earnings per share (EPS) of $1.30, surpassing analysts' expectations of $1.20 by $0.10. The company recorded a net margin of 30.68% and a return on equity of 28.08%. Compared to the same quarter last year, where it posted an EPS of $1.49, research analysts project that Texas Instruments will report an EPS of 5.42 for the current fiscal year.

Dividend Information

In addition, Texas Instruments recently announced a quarterly dividend, set to be paid on February 11th. Shareholders on record as of January 31st will receive a dividend of $1.36 per share, equating to an annualized dividend of $5.44 and a yield of 3.01%. The company's ex-dividend date is also January 31st, with a payout ratio of 104.82%.

Analysts' Insights

Texas Instruments has been featured in various analysts' reports recently. For instance, Susquehanna reduced their target price for Texas Instruments shares from $250.00 to $240.00, rating it as "positive" as of October 21st. Mizuho lowered its price target from $200.00 to $190.00 with a "neutral" rating as of January 24th. Moreover, Evercore ISI raised its target price from $268.00 to $298.00, rating the stock as "outperform" on October 23rd.

On the other hand, Barclays lowered its target price from $200.00 to $180.00, giving it an "equal weight" rating on January 24th. Wells Fargo also brought down its price target from $215.00 to $208.00 and rated the stock as "equal weight" on January 13th. As per MarketBeat.com, Texas Instruments holds a consensus rating of "Hold" with a target price of $209.20, with two analysts issuing sell ratings, twelve assigning hold ratings, and eight providing buy ratings.

Insider Transactions

In other related news, Ronald Kirk, a director at Texas Instruments, sold 10,539 shares on November 25th at an average price of $203.33, totaling around $2.14 million. His stock ownership has decreased by 42.39%, and he retains about 14,323 shares valued at approximately $2.91 million. This transaction was reported to the SEC and is publicly accessible.

Company Overview

Texas Instruments Incorporated is a designer, manufacturer, and seller of semiconductors, catering to electronics designers and manufacturers in both the United States and globally. The company operates primarily through its Analog and Embedded Processing segments, providing power solutions that manage various power requirements.

Texas, Instruments, Investment