Commonwealth Equity Services LLC Sells 1,364 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Commonwealth Equity Services LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,827 shares of the semiconductor company’s stock after selling 1,364 shares during the period. Commonwealth Equity Services LLC’s holdings in Texas Instruments were worth $44,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the third quarter valued at about $202,000. GSA Capital Partners LLP bought a new stake in shares of Texas Instruments in the third quarter valued at about $872,000. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Texas Instruments by 7.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,289 shares of the semiconductor company’s stock valued at $679,000 after purchasing an additional 239 shares in the last quarter. MQS Management LLC bought a new stake in shares of Texas Instruments in the third quarter valued at about $281,000. Finally, Cable Hill Partners LLC lifted its holdings in shares of Texas Instruments by 17.3% in the third quarter. Cable Hill Partners LLC now owns 1,338 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 197 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. Company insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $176.42 on Friday. The business’s 50 day moving average price is $188.61 and its two-hundred day moving average price is $196.47. The company has a market cap of $160.53 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the company earned $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.08%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TXN shares. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Mizuho cut their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $209.20.

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.