Souders Financial Advisors Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Souders Financial Advisors lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,903 shares of the semiconductor company’s stock after selling 5,045 shares during the quarter. Souders Financial Advisors’ holdings in Texas Instruments were worth $2,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Triad Wealth Partners LLC acquired a new stake in Texas Instruments during the 4th quarter worth $359,000. Laffer Tengler Investments Inc. raised its stake in shares of Texas Instruments by 17.8% during the 4th quarter. Laffer Tengler Investments Inc. now owns 37,915 shares of the semiconductor company’s stock worth $7,109,000 after buying an additional 5,727 shares in the last quarter. Glass Wealth Management Co LLC boosted its stake in shares of Texas Instruments by 11.6% in the fourth quarter. Glass Wealth Management Co LLC now owns 11,296 shares of the semiconductor company’s stock valued at $2,118,000 after buying an additional 1,175 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Texas Instruments by 12.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,160,252 shares of the semiconductor company’s stock worth $217,559,000 after acquiring an additional 124,625 shares during the period. Finally, Keybank National Association OH raised its position in Texas Instruments by 0.3% in the fourth quarter. Keybank National Association OH now owns 118,053 shares of the semiconductor company’s stock worth $22,136,000 after acquiring an additional 305 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TXN shares. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays decreased their target price on shares of 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. 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. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $209.20.

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 stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Up 0.2 %

Shares of Texas Instruments stock opened at $194.84 on Wednesday. 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 firm has a market cap of $177.37 billion, a P/E ratio of 37.54, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The business has a 50-day moving average price of $189.62 and a 200 day moving average price of $197.60.

Texas Instruments (NASDAQ:TXN) last issued its earnings results 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal 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 given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 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.