SMART Wealth LLC Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

SMART Wealth LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 16.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,750 shares of the semiconductor company’s stock after selling 340 shares during the period. SMART Wealth LLC’s holdings in Texas Instruments were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Oddo BHF Asset Management Sas purchased a new position in Texas Instruments during the 3rd quarter worth $10,011,000. Franklin Resources Inc. raised its position in Texas Instruments by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company’s stock worth $1,466,003,000 after buying an additional 55,690 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in Texas Instruments by 0.4% during the third quarter. Peapack Gladstone Financial Corp now owns 51,555 shares of the semiconductor company’s stock valued at $10,651,000 after purchasing an additional 218 shares during the period. Tidal Investments LLC lifted its holdings in shares of Texas Instruments by 11.1% in the 3rd quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock valued at $9,726,000 after buying an additional 4,690 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Texas Instruments by 156.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock valued at $9,496,000 after acquiring an additional 28,012 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target for the company. Morgan Stanley raised their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Trading Down 0.1 %

Shares of Texas Instruments stock opened at $191.59 on Monday. The company has a market capitalization of $174.77 billion, a P/E ratio of 35.61, a PEG ratio of 4.19 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company’s fifty day moving average is $202.13 and its two-hundred day moving average is $200.60. 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 announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate 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.