Beacon Pointe Advisors LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Pointe Advisors LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,475 shares of the semiconductor company's stock after selling 15,280 shares during the period. Beacon Pointe Advisors LLC's holdings in Texas Instruments were worth $19,513,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company's stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company's stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company's stock valued at $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $196,135,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company's stock, valued at $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction 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 transaction, the director now directly owns 33,348 shares of the company's stock, valued at $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 over the last 90 days. Company insiders own 0.68% of the company's stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $0.56 during trading on Thursday, reaching $194.97. The company's stock had a trading volume of 5,370,719 shares, compared to its average volume of 5,624,824. The company has a 50-day moving average price of $173.67 and a two-hundred day moving average price of $165.29. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $195.87. The firm has a market cap of $177.52 billion, a PE ratio of 30.42, a P/E/G ratio of 4.04 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The firm's revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.17 EPS 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 issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments's dividend payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TXN. Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, April 24th. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 24th. Cantor Fitzgerald lifted their target price on Texas Instruments from $180.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday. Jefferies Financial Group cut Texas Instruments from a "buy" rating to a "hold" rating and lowered their price target for the stock from $200.00 to $175.00 in a report on Monday. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a report on Thursday. They issued an "underweight" rating and a $150.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $180.57.

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.

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