Valley Brook Capital Group Inc. Sells 270 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Valley Brook Capital Group Inc. cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,830 shares of the semiconductor company’s stock after selling 270 shares during the period. Valley Brook Capital Group Inc.’s holdings in Texas Instruments were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearstead Trust LLC lifted its holdings in Texas Instruments by 531.2% in the fourth quarter. Clearstead Trust LLC now owns 2,897 shares of the semiconductor company’s stock worth $494,000 after buying an additional 2,438 shares during the period. Connecticut Wealth Management LLC raised its holdings in Texas Instruments by 6.2% in the fourth quarter. Connecticut Wealth Management LLC now owns 6,667 shares of the semiconductor company’s stock worth $1,136,000 after purchasing an additional 390 shares in the last quarter. Pointe Capital Management LLC lifted its position in Texas Instruments by 7.0% during the fourth quarter. Pointe Capital Management LLC now owns 4,386 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 288 shares during the period. TCG Advisory Services LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $304,000. Finally, AJOVista LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $123,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock traded up $3.11 on Friday, reaching $178.91. The stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The stock has a market cap of $162.89 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a 50 day simple moving average of $170.68 and a 200 day simple moving average of $163.12.

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

Texas Instruments Dividend Announcement

The firm also recently announced 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 yield of 2.91%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s 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 transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,529 shares of company stock valued at $40,502,458. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TXN. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Robert W. Baird upped their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Benchmark restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $180.74.

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.