Great Valley Advisor Group Inc. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 73.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,083 shares of the semiconductor company's stock after selling 5,856 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Texas Instruments were worth $355,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Field & Main Bank grew its holdings in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company's stock worth $118,000 after purchasing an additional 65 shares during the period. Howard Financial Services LTD. raised its position in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company's stock worth $371,000 after acquiring an additional 66 shares in the last quarter. Sandy Spring Bank raised its position in shares of Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company's stock worth $330,000 after acquiring an additional 66 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company's stock worth $508,000 after acquiring an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of Texas Instruments by 0.5% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company's stock worth $1,983,000 after acquiring an additional 68 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on TXN. Rosenblatt Securities restated a "buy" rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, April 24th. UBS Group raised Texas Instruments from a "neutral" rating to a "buy" rating and increased their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. KeyCorp increased their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Finally, Evercore ISI raised their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $180.74.
View Our Latest Stock Analysis on Texas Instruments
Texas Instruments Stock Performance
TXN stock traded up $2.76 during mid-day trading on Monday, hitting $181.67. 4,126,103 shares of the company were exchanged, compared to its average volume of 5,673,829. The business has a 50 day simple moving average of $171.03 and a 200-day simple moving average of $163.33. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $165.41 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12.
Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the firm earned $1.85 earnings per share. The business's revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments's payout ratio is currently 81.12%.
Insider Buying and Selling
In related news, Chairman Richard K. Templeton sold 100,440 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company's stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by insiders.
Texas Instruments Company Profile
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Free Report)
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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