Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,213 shares of the semiconductor company’s stock after selling 5,650 shares during the period. WealthPLAN Partners LLC’s holdings in Texas Instruments were worth $4,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Atomi Financial Group Inc. purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $215,000. Avantax Advisory Services Inc. boosted its stake in shares of Texas Instruments by 0.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 29,082 shares of the semiconductor company’s stock worth $5,066,000 after acquiring an additional 206 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Texas Instruments by 13.0% in the 1st quarter. Bleakley Financial Group LLC now owns 16,859 shares of the semiconductor company’s stock worth $2,937,000 after acquiring an additional 1,940 shares during the period. Sheets Smith Wealth Management purchased a new position in Texas Instruments in the 1st quarter valued at approximately $220,000. Finally, Koshinski Asset Management Inc. raised its holdings in Texas Instruments by 26.5% during the first quarter. Koshinski Asset Management Inc. now owns 20,514 shares of the semiconductor company’s stock worth $3,574,000 after purchasing an additional 4,303 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $215.87 on Tuesday. The company has a market cap of $196.92 billion, a P/E ratio of 40.12, a P/E/G ratio of 4.82 and a beta of 0.99. The firm’s 50 day moving average is $203.95 and its two-hundred day moving average is $198.68. Texas Instruments Incorporated has a fifty-two week low of $145.19 and a fifty-two week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company posted $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 101.12%.

Analyst Ratings Changes

Several analysts have weighed in on TXN shares. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Evercore ISI lifted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $206.95.

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.