TrimTabs Asset Management LLC Sells 6,487 Shares of Texas Instruments Incorporated (NASDAQ:TXN)


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TrimTabs Asset Management LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 49.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,673 shares of the semiconductor company’s stock after selling 6,487 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Texas Instruments were worth $1,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delta Asset Management LLC TN raised its stake in shares of Texas Instruments by 198.2% in the fourth quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 113 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Texas Instruments during the 4th quarter valued at $30,000. TRU Independence Asset Management 2 LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $30,000. Encompass Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $30,000. Finally, Retirement Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

In other news, VP Darla H. Whitaker sold 30,658 shares of the stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $177.41, for a total value of $5,439,035.78. Following the completion of the sale, the vice president now owns 73,304 shares of the company’s stock, valued at approximately $13,004,862.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard K. Templeton sold 112,500 shares of the stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $166.13, for a total transaction of $18,689,625.00. Following the completion of the sale, the chief executive officer now directly owns 579,059 shares of the company’s stock, valued at approximately $96,199,071.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 544,325 shares of company stock valued at $92,809,465. 0.73% of the stock is owned by insiders.

TXN has been the subject of a number of research reports. Raymond James upgraded Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a report on Monday, March 1st. Truist increased their target price on Texas Instruments from $167.00 to $184.00 in a research report on Wednesday, January 27th. Mizuho upped their price target on Texas Instruments from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 27th. Cascend Securities increased their target price on Texas Instruments from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, March 16th. Finally, The Goldman Sachs Group raised their price target on Texas Instruments from $162.00 to $171.00 and gave the stock a “sell” rating in a research note on Monday, December 14th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $169.64.

TXN stock traded up $1.10 during mid-day trading on Thursday, reaching $194.19. The company’s stock had a trading volume of 98,995 shares, compared to its average volume of 4,875,596. The stock has a market cap of $178.70 billion, a PE ratio of 36.50, a P/E/G ratio of 3.10 and a beta of 1.06. The company has a current ratio of 4.24, a quick ratio of 3.29 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a fifty-two week low of $105.30 and a fifty-two week high of $197.58. The company’s 50 day moving average is $178.13 and its two-hundred day moving average is $163.90.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 25th. The semiconductor company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.30. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. Texas Instruments’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 8th. Shareholders of record on Monday, February 1st were issued a $1.02 dividend. The ex-dividend date was Friday, January 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.10%. Texas Instruments’s payout ratio is 77.86%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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

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