Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,925 shares of the semiconductor company’s stock after selling 310 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Texas Instruments were worth $1,969,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXN. Fairfield Bush & CO. purchased a new position in Texas Instruments during the first quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Texas Instruments by 7.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $337,000. Finally, Bridgefront Capital LLC acquired a new stake in Texas Instruments during the first quarter worth about $315,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TXN shares. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Mizuho decreased their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. KeyCorp raised their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Susquehanna reduced their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.89.

Texas Instruments Stock Up 0.8 %

NASDAQ TXN traded up $1.34 on Thursday, hitting $174.21. 4,416,948 shares of the stock were exchanged, compared to its average volume of 5,694,404. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a 50-day moving average price of $166.63 and a 200-day moving average price of $160.86. The company has a market cap of $158.54 billion, a PE ratio of 24.65, a PEG ratio of 3.61 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 73.65%.

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.