Sachetta LLC Sells 162 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sachetta LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 7,130 shares of the semiconductor company’s stock after selling 162 shares during the period. Sachetta LLC’s holdings in Texas Instruments were worth $1,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC grew its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new position in Texas Instruments during the 3rd quarter valued at $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 $185.52 on Friday. The firm’s 50 day moving average is $193.69 and its 200 day moving average is $199.57. The stock has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98. 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 posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period last year, the company earned $1.49 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 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, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is 101.12%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday. Finally, Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by company insiders.

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.