TCI Wealth Advisors Inc. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

TCI Wealth Advisors Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,566 shares of the semiconductor company’s stock after selling 67 shares during the period. TCI Wealth Advisors Inc.’s holdings in Texas Instruments were worth $949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Field & Main Bank boosted its position in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares during the period. Howard Financial Services LTD. grew its position in shares of Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after acquiring an additional 66 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Texas Instruments by 3.5% in the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after acquiring an additional 66 shares during the period. Harbour Investments Inc. boosted its stake in Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 67 shares during the period. Finally, Pinnacle Financial Partners Inc increased its stake in shares of Texas Instruments by 0.5% in the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock valued at $1,983,000 after purchasing an additional 68 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,529 shares of company stock worth $40,502,458. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI lifted their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, KeyCorp upped their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $3.11 during trading on Friday, hitting $178.91. 4,545,090 shares of the company’s stock traded hands, compared to its average volume of 6,059,944. The company has a market cap of $162.89 billion, a PE ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The firm’s fifty day moving average price is $170.68 and its 200 day moving average price is $163.12. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. Texas Instruments’s payout ratio is presently 81.12%.

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.