Laird Norton Wetherby Wealth Management LLC Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Laird Norton Wetherby Wealth Management LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,739 shares of the semiconductor company's stock after selling 1,469 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Texas Instruments were worth $4,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Promus Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $25,000. Financial Life Planners purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in Texas Instruments in the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $28,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 0.3%

Texas Instruments stock traded up $0.49 during mid-day trading on Thursday, hitting $187.83. The company's stock had a trading volume of 5,531,084 shares, compared to its average volume of 6,295,574. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39. The stock has a market cap of $170.64 billion, a PE ratio of 36.19, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a 50 day moving average of $167.04 and a 200-day moving average of $184.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.90%. Texas Instruments's dividend payout ratio is presently 103.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TXN shares. JPMorgan Chase & Co. dropped their target price on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Mizuho set a $170.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group decreased their target price on Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $189.41.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm'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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 297,065 shares of company stock worth $59,734,685. Corporate insiders own 0.57% of the company's stock.

Texas Instruments 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.