Cornerstone Advisors LLC Sells 13,300 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cornerstone Advisors LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 31.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,900 shares of the semiconductor company’s stock after selling 13,300 shares during the quarter. Cornerstone Advisors LLC’s holdings in Texas Instruments were worth $5,419,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the third quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Price Performance

NASDAQ:TXN opened at $186.49 on Tuesday. The company has a market cap of $169.69 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.30 and a beta of 0.98. The firm’s fifty day moving average price is $189.60 and its two-hundred day moving average price is $197.23. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $1.49 EPS. Equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.