Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,860 shares of the semiconductor company’s stock after selling 1,580 shares during the period. Axxcess Wealth Management LLC’s holdings in Texas Instruments were worth $2,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wealth Architects LLC raised its holdings in Texas Instruments by 10.6% in the 4th quarter. Wealth Architects LLC now owns 2,516 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 241 shares during the last quarter. SlateStone Wealth LLC grew its position in shares of Texas Instruments by 13.8% in the fourth quarter. SlateStone Wealth LLC now owns 21,313 shares of the semiconductor company’s stock valued at $3,996,000 after purchasing an additional 2,589 shares during the period. First National Advisers LLC increased its stake in Texas Instruments by 2.4% in the fourth quarter. First National Advisers LLC now owns 14,291 shares of the semiconductor company’s stock valued at $2,680,000 after purchasing an additional 332 shares during the last quarter. GWN Securities Inc. purchased a new position in Texas Instruments during the fourth quarter worth about $508,000. Finally, Gallacher Capital Management LLC boosted its stake in Texas Instruments by 4.3% in the 4th quarter. Gallacher Capital Management LLC now owns 1,705 shares of the semiconductor company’s stock worth $320,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.3 %

Shares of Texas Instruments stock opened at $179.45 on Wednesday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The company has a market capitalization of $163.28 billion, a PE ratio of 34.58, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business has a 50-day moving average of $188.11 and a 200-day moving average of $195.82.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 last year, the firm posted $1.49 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.03%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Mizuho reduced their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last ninety days. 0.57% of the stock is owned by insiders.

Texas Instruments 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.