Sovereign Financial Group Inc. Sells 89 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sovereign Financial Group Inc. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,930 shares of the semiconductor company’s stock after selling 89 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Texas Instruments were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Value Partners Investments Inc. lifted its stake in Texas Instruments by 24.1% during the third quarter. Value Partners Investments Inc. now owns 1,926 shares of the semiconductor company’s stock worth $308,000 after purchasing an additional 374 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Texas Instruments by 11.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,563,680 shares of the semiconductor company’s stock worth $248,641,000 after buying an additional 164,086 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its position in Texas Instruments by 2.9% during the third quarter. Rowlandmiller & PARTNERS.ADV now owns 8,174 shares of the semiconductor company’s stock valued at $1,300,000 after acquiring an additional 230 shares during the last quarter. Kanawha Capital Management LLC raised its stake in shares of Texas Instruments by 10.6% during the third quarter. Kanawha Capital Management LLC now owns 27,536 shares of the semiconductor company’s stock worth $4,378,000 after acquiring an additional 2,641 shares in the last quarter. Finally, NBT Bank N A NY lifted its holdings in shares of Texas Instruments by 370.9% in the 3rd quarter. NBT Bank N A NY now owns 11,213 shares of the semiconductor company’s stock worth $1,783,000 after acquiring an additional 8,832 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Benchmark reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Robert W. Baird increased their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Evercore ISI lifted their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Up 0.6 %

Shares of TXN stock traded up $1.00 during midday trading on Tuesday, reaching $182.67. 5,152,711 shares of the stock were exchanged, compared to its average volume of 5,667,921. The firm has a market cap of $166.32 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $171.38 and its two-hundred day moving average is $163.58. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Announces Dividend

The firm 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.