Kingswood Wealth Advisors LLC Has $5.05 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Kingswood Wealth Advisors LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 15.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,941 shares of the semiconductor company’s stock after selling 4,822 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Texas Instruments were worth $5,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the third quarter valued at about $28,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. Tsfg LLC lifted its stake in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the third quarter worth $41,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 7.5 %

Shares of NASDAQ TXN opened at $185.52 on Monday. The firm has a market cap of $169.24 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The company has a 50 day simple moving average of $193.38 and a 200 day simple moving average of $199.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the company posted $1.49 earnings per share. On average, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.93%. Texas Instruments’s payout ratio is 101.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday. Finally, Robert W. Baird reduced their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is 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.