Taylor Financial Group Inc. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Taylor Financial Group Inc. lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,237 shares of the semiconductor company’s stock after selling 167 shares during the quarter. Taylor Financial Group Inc.’s holdings in Texas Instruments were worth $232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Alliance LLC raised its holdings in shares of Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after buying an additional 7,424 shares during the period. Townsquare Capital LLC raised its holdings in shares of Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after buying an additional 5,201 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after buying an additional 3,707 shares during the period. HB Wealth Management LLC raised its holdings in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after buying an additional 4,238 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Texas Instruments by 3.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 111,726 shares of the semiconductor company’s stock worth $23,079,000 after purchasing an additional 3,410 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the firm’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 completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was 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 $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TXN shares. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Up 2.0 %

Shares of NASDAQ TXN opened at $179.99 on Tuesday. The stock has a market cap of $163.78 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The business has a 50-day moving average price of $188.36 and a 200 day moving average price of $196.07.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the business posted $1.49 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

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.