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

Perfromance Wealth Partners LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,531 shares of the semiconductor company’s stock after selling 328 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Texas Instruments were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC increased its holdings in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC acquired a new position in Texas Instruments in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $195.23 on Wednesday. The company has a market cap of $178.09 billion, a P/E ratio of 36.29, a P/E/G ratio of 3.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a 50-day moving average of $194.32 and a two-hundred day moving average of $199.61. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Activity at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on 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 sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TXN shares. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research report on Friday, October 18th. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $210.45.

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.