Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,373 shares of the semiconductor company's stock after selling 7,266 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Texas Instruments were worth $9,098,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Congress Wealth Management LLC DE lifted its holdings in shares of Texas Instruments by 7.5% in the third quarter. Congress Wealth Management LLC DE now owns 3,083 shares of the semiconductor company's stock valued at $490,000 after buying an additional 216 shares during the period. Annapolis Financial Services LLC raised its position in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 120 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of Texas Instruments by 230.4% during the third quarter. China Universal Asset Management Co. Ltd. now owns 3,383 shares of the semiconductor company's stock worth $538,000 after purchasing an additional 2,359 shares during the period. Mitchell & Pahl Private Wealth LLC raised its position in shares of Texas Instruments by 4.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 12,726 shares of the semiconductor company's stock worth $2,024,000 after purchasing an additional 572 shares during the period. Finally, Community Bank & Trust Waco Texas raised its position in shares of Texas Instruments by 2.0% during the third quarter. Community Bank & Trust Waco Texas now owns 4,281 shares of the semiconductor company's stock worth $663,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on TXN shares. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 24th. KeyCorp upped their price target on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price target on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research report on Wednesday, January 24th. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. Finally, Citigroup upped their price target on Texas Instruments from $167.00 to $185.00 and gave the company a "neutral" rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $180.60.
Read Our Latest Analysis on TXN
Texas Instruments Stock Up 0.4 %
Shares of TXN traded up $0.77 during trading hours on Monday, hitting $187.82. 3,684,766 shares of the company were exchanged, compared to its average volume of 5,631,853. The company has a market cap of $171.01 billion, a PE ratio of 29.30, a PEG ratio of 3.98 and a beta of 1.01. The firm's 50 day moving average is $172.48 and its 200-day moving average is $164.43. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm's revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.22 EPS for the current fiscal year.
Texas Instruments Announces Dividend
The business also recently announced 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 yield of 2.77%. The ex-dividend date is Tuesday, May 7th. Texas Instruments's dividend payout ratio (DPR) is currently 81.12%.
Insider Activity at Texas Instruments
In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares of the company's stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by insiders.
About Texas Instruments
(
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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