McLean Asset Management Corp Has $338,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

McLean Asset Management Corp reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,946 shares of the semiconductor company’s stock after selling 68 shares during the period. McLean Asset Management Corp’s holdings in Texas Instruments were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $31,000. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TXN shares. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Truist Financial increased their price target on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Mizuho increased their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $183.43.

Get Our Latest Analysis on Texas Instruments

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.77 during trading hours on Friday, hitting $195.53. The company had a trading volume of 12,516,969 shares, compared to its average volume of 5,615,313. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The firm has a 50 day simple moving average of $187.33 and a 200 day simple moving average of $173.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm has a market capitalization of $178.03 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 4.25 and a beta of 1.00.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating 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 firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm posted $1.85 EPS. The company’s revenue was down 16.4% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.66%. Texas Instruments’s dividend payout ratio is 81.12%.

Texas Instruments Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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