Sanctuary Advisors LLC Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sanctuary Advisors LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,840 shares of the semiconductor company’s stock after selling 2,830 shares during the quarter. Sanctuary Advisors LLC’s holdings in Texas Instruments were worth $31,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Nicholas Hoffman & Company LLC. increased its position in shares of Texas Instruments by 17.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after acquiring an additional 778 shares during the period. Americana Partners LLC increased its position in shares of Texas Instruments by 11.4% during the fourth quarter. Americana Partners LLC now owns 18,013 shares of the semiconductor company’s stock worth $3,378,000 after acquiring an additional 1,849 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth $83,000. Valmark Advisers Inc. increased its position in shares of Texas Instruments by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 122 shares during the period. Finally, L.M. Kohn & Company increased its holdings in Texas Instruments by 4.2% in the fourth quarter. L.M. Kohn & Company now owns 1,601 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

Shares of TXN opened at $183.03 on Monday. Texas Instruments Incorporated has a fifty-two week low of $158.90 and a fifty-two week high of $220.38. The company has a market capitalization of $166.96 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. The firm has a 50-day simple moving average of $188.18 and a 200-day simple moving average of $197.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the business earned $1.49 earnings per share. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.38 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.97%. Texas Instruments’s dividend payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TXN shares. Morgan Stanley increased their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna dropped their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Barclays dropped their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Company 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.