Atria Investments Inc Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Atria Investments Inc cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,681 shares of the semiconductor company’s stock after selling 2,013 shares during the quarter. Atria Investments Inc’s holdings in Texas Instruments were worth $12,691,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its stake in shares of Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after acquiring an additional 5,201 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after acquiring an additional 3,707 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Texas Instruments by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after acquiring an additional 4,238 shares in the last quarter. Finally, Swiss National Bank grew its stake in Texas Instruments by 0.3% in the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after purchasing an additional 8,100 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % 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. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Up 0.4 %

TXN stock opened at $195.57 on Thursday. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a market capitalization of $178.03 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The firm’s 50-day moving average is $189.69 and its two-hundred day moving average is $197.59. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS 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 period in the prior year, the company posted $1.49 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced 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 of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s payout ratio is currently 104.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Truist Financial decreased their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company 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 given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $209.20.

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.