United Asset Strategies Inc. Sells 7,994 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

United Asset Strategies Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,458 shares of the semiconductor company's stock after selling 7,994 shares during the quarter. United Asset Strategies Inc.'s holdings in Texas Instruments were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new position in shares of Texas Instruments during the first quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Texas Instruments by 32.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company's stock worth $182,908,000 after buying an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Texas Instruments by 7.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company's stock worth $1,105,000 after buying an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new stake in Texas Instruments during the first quarter worth $337,000. Finally, Bridgefront Capital LLC bought a new stake in Texas Instruments during the first quarter worth $315,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Down 1.1 %

NASDAQ:TXN traded down $1.89 during trading hours on Wednesday, reaching $165.70. 4,564,904 shares of the company traded hands, compared to its average volume of 5,472,066. The business's 50-day moving average price is $168.09 and its two-hundred day moving average price is $161.71. The stock has a market capitalization of $150.80 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm's quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, January 30th. Texas Instruments's dividend payout ratio is currently 73.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Susquehanna decreased their price target on Texas Instruments from $205.00 to $200.00 and set a "positive" rating for the company in a report on Wednesday, January 24th. Evercore ISI began coverage on Texas Instruments in a research note on Tuesday. They set an "outperform" rating and a $213.00 price target for the company. Mizuho dropped their price objective on Texas Instruments from $170.00 to $164.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Finally, Rosenblatt Securities restated a "buy" rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $176.68.

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.