Advisory Services Network LLC Sells 21,232 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Advisory Services Network LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,479 shares of the semiconductor company’s stock after selling 21,232 shares during the quarter. Advisory Services Network LLC’s holdings in Texas Instruments were worth $2,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments during the fourth quarter worth $31,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Texas Instruments in the 4th quarter valued at $34,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $199.18 on Monday. The business’s 50-day moving average price is $177.15 and its 200-day moving average price is $168.04. The firm has a market capitalization of $181.35 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 4.28 and a beta of 1.01. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $203.62. 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:TXNGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned $1.85 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, 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 transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robert E. Sanchez sold 10,539 shares of the business’s 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 transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Robert W. Baird raised their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Benchmark reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Susquehanna increased their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus boosted their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $182.48.

Check Out Our Latest Stock Report on TXN

Texas Instruments Profile

(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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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