Wealthstar Advisors LLC Sells 8,629 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wealthstar Advisors LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,304 shares of the semiconductor company's stock after selling 8,629 shares during the quarter. Texas Instruments makes up approximately 3.2% of Wealthstar Advisors LLC's holdings, making the stock its 5th biggest holding. Wealthstar Advisors LLC's holdings in Texas Instruments were worth $6,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Promus Capital LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Summit Securities Group LLC bought a new position in Texas Instruments in the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter worth about $28,000. Copia Wealth Management bought a new position in Texas Instruments in the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 0.4%

Shares of NASDAQ:TXN opened at $207.08 on Friday. The stock has a market capitalization of $188.13 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a 50 day moving average price of $182.58 and a 200 day moving average price of $182.45.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald decreased their target price on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Cowen restated a "hold" rating on shares of Texas Instruments in a research report on Wednesday. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Finally, Arete assumed coverage on shares of Texas Instruments in a research report on Thursday. They issued a "neutral" rating and a $203.80 target price for the company. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $191.49.

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.

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