Bigelow Investment Advisors LLC Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Bigelow Investment Advisors LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% in the fourth quarter, HoldingsChannel reports. The firm owned 6,494 shares of the semiconductor company’s stock after selling 513 shares during the period. Bigelow Investment Advisors LLC’s holdings in Texas Instruments were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments during the third quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $186.46 on Wednesday. The firm has a market cap of $170.09 billion, a PE ratio of 35.93, a P/E/G ratio of 2.96 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $187.90 and a 200-day simple moving average of $197.23. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value 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. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Bank of America dropped their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.