Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,725 shares of the semiconductor company’s stock after selling 193 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Texas Instruments were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $28,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $27,000. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $197.05 on Thursday. The company has a market cap of $179.75 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 3.80 and a beta of 0.98. The stock has a 50 day simple moving average of $193.97 and a 200-day simple moving average of $199.58. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is currently 101.12%.

Analysts Set New Price Targets

TXN has been the subject of a number of research analyst reports. Barclays decreased their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Bank of America decreased their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $210.45.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

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.