1776 Wealth LLC Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

1776 Wealth LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,395 shares of the semiconductor company’s stock after selling 165 shares during the quarter. 1776 Wealth LLC’s holdings in Texas Instruments were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KCM Investment Advisors LLC lifted its position in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV lifted its position in Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Lansing Street Advisors lifted its position in Texas Instruments by 4.7% during the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 51 shares during the period. NorthCrest Asset Manangement LLC raised its position in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after acquiring an additional 52 shares during the period. Finally, ABLE Financial Group LLC raised its position in Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $4.88 on Friday, reaching $201.12. The company’s stock had a trading volume of 5,970,371 shares, compared to its average volume of 5,504,648. Texas Instruments Incorporated has a 52-week low of $150.81 and a 52-week high of $220.38. The company has a market cap of $183.47 billion, a P/E ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The company has a 50-day simple moving average of $204.39 and a 200 day simple moving average of $199.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

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

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated 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 sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % 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 worth $5,341,235. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent research reports. Robert W. Baird decreased their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Truist Financial decreased their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Bank of America reduced their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target 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.