Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 59.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,918 shares of the semiconductor company’s stock after selling 2,822 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Texas Instruments were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Investment Advisory Services Inc. TX ADV grew its stake in Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after acquiring an additional 52 shares during the last quarter. Verity Asset Management Inc. lifted its position in Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after purchasing an additional 54 shares during the period. Prentice Wealth Management LLC boosted its holdings in Texas Instruments by 2.1% in the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its position in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 55 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 0.9 %

Shares of TXN stock opened at $204.92 on Friday. The stock has a market capitalization of $186.93 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The company has a 50 day moving average price of $203.81 and a 200 day moving average price of $196.62. Texas Instruments Incorporated has a fifty-two week low of $143.08 and a fifty-two week high of $214.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock valued at $5,341,235. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TXN shares. Robert W. Baird reduced their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. KeyCorp raised their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Jefferies Financial Group upped their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $206.95.

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.