Empower Advisory Group LLC Sells 316 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Empower Advisory Group LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,545 shares of the semiconductor company’s stock after selling 316 shares during the quarter. Empower Advisory Group LLC’s holdings in Texas Instruments were worth $1,415,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Truist Financial Corp raised its holdings in Texas Instruments by 5.6% in the 4th quarter. Truist Financial Corp now owns 248,568 shares of the semiconductor company’s stock worth $46,609,000 after purchasing an additional 13,230 shares during the period. CIBC Asset Management Inc increased its stake in Texas Instruments by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 313,959 shares of the semiconductor company’s stock worth $58,870,000 after buying an additional 7,671 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after buying an additional 778 shares in the last quarter. Americana Partners LLC increased its stake in Texas Instruments by 11.4% in the 4th quarter. Americana Partners LLC now owns 18,013 shares of the semiconductor company’s stock worth $3,378,000 after buying an additional 1,849 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Texas Instruments in the 4th quarter worth $83,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 1.9 %

TXN opened at $186.46 on Wednesday. The firm has a market cap of $170.09 billion, a P/E ratio of 35.93, a P/E/G ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $187.97 and a 200 day moving average of $197.24.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TXN shares. Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird cut their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.20.

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.