HB Wealth Management LLC Sells 15,770 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• HB Wealth Management LLC has reduced its stake in Texas Instruments by 15.8%, owning 84,086 shares valued at approximately $15.1 million after selling 15,770 shares.
• Several institutional investors significantly increased their holdings in Texas Instruments, with GAMMA Investing LLC boosting its position by 21,778.6%, owning over 3.4 million shares worth around $614.9 million.
• Texas Instruments announced a quarterly dividend of $1.36 per share, resulting in a dividend yield of 2.94%, with a payout ratio of 99.63%.

HB Wealth Management LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,086 shares of the semiconductor company's stock after selling 15,770 shares during the quarter. HB Wealth Management LLC's holdings in Texas Instruments were worth $15,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. Cloud Capital Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $30,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments during the 1st quarter worth about $34,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Texas Instruments from a "peer perform" rating to an "outperform" rating and set a $230.00 target price on the stock in a research report on Monday. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. DZ Bank reissued a "sell" rating and set a $158.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Trading Down 0.7%

Shares of TXN traded down $1.41 during midday trading on Wednesday, hitting $189.97. The stock had a trading volume of 2,138,874 shares, compared to its average volume of 7,357,679. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The business has a 50-day simple moving average of $200.37 and a two-hundred day simple moving average of $185.46. The firm has a market cap of $172.58 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 3.10 and a beta of 1.03. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is presently 99.63%.

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.