Texas Instruments Incorporated (NASDAQ:TXN) Position Cut by Ascent Group LLC

Ascent Group LLC lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 85.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,359 shares of the semiconductor company’s stock after selling 13,454 shares during the period. Ascent Group LLC’s holdings in Texas Instruments were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TXN. Keudell Morrison Wealth Management lifted its position in Texas Instruments by 1.5% in the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock worth $682,000 after purchasing an additional 59 shares during the period. Chemistry Wealth Management LLC lifted its holdings in shares of Texas Instruments by 5.2% in the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its stake in Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares in the last quarter. Guardian Wealth Management Inc. grew its holdings in Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after acquiring an additional 65 shares during the period. Finally, Buckley Wealth Management LLC raised its position in Texas Instruments by 1.1% in the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock worth $1,028,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several research reports. Truist Financial upped their price target on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Evercore ISI increased their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. KeyCorp lifted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Citigroup raised their target price on shares of Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $198.64.

Insider Activity

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $71,009,121.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,979 shares of company stock worth $38,055,856. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN stock traded down $0.11 during mid-day trading on Monday, reaching $201.88. 3,386,809 shares of the stock traded hands, compared to its average volume of 5,495,492. The firm has a market capitalization of $184.33 billion, a PE ratio of 31.49, a P/E/G ratio of 4.40 and a beta of 0.99. The business has a 50-day moving average of $198.09 and a two-hundred day moving average of $180.21. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the business earned $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is presently 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.