Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,309 shares of the semiconductor company’s stock after selling 101 shares during the quarter. Quantum Private Wealth LLC’s holdings in Texas Instruments were worth $564,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AXQ Capital LP lifted its holdings in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its holdings in Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after purchasing an additional 2,397 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after purchasing an additional 177 shares during the period. Finally, Chicago Capital LLC lifted its holdings in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 8,311 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock traded down $1.19 during trading hours on Wednesday, reaching $166.40. 882,130 shares of the company’s stock were exchanged, compared to its average volume of 5,421,145. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market capitalization of $151.43 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.58 and a beta of 1.04. The business has a fifty day moving average price of $167.95 and a 200-day moving average price of $161.68. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.13%. Texas Instruments’s payout ratio is 73.65%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp boosted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday. They issued an “outperform” rating and a $213.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Barclays cut their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Cantor Fitzgerald boosted their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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.