Prestige Wealth Management Group LLC Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Prestige Wealth Management Group LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,713 shares of the semiconductor company’s stock after selling 401 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Texas Instruments were worth $333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Gryphon Financial Partners LLC boosted its holdings in shares of Texas Instruments by 48.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock valued at $982,000 after acquiring an additional 1,870 shares during the period. Principal Securities Inc. purchased a new position in Texas Instruments during the 4th quarter worth $1,624,000. Kovitz Investment Group Partners LLC increased its stake in Texas Instruments by 2.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,439 shares of the semiconductor company’s stock valued at $1,779,000 after purchasing an additional 248 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Texas Instruments by 236.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,135 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 1,500 shares during the last quarter. Finally, AGF Management Ltd. boosted its stake in shares of Texas Instruments by 1.7% during the fourth quarter. AGF Management Ltd. now owns 51,198 shares of the semiconductor company’s stock worth $8,727,000 after buying an additional 874 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Stifel Nicolaus upped their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays lifted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird upped their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $204.67.

Texas Instruments Price Performance

TXN stock traded down $4.10 on Friday, reaching $197.45. The company had a trading volume of 6,314,390 shares, compared to its average volume of 5,550,251. The company’s fifty day moving average is $200.50 and its 200 day moving average is $187.57. The company has a market cap of $179.77 billion, a P/E ratio of 30.80, a PEG ratio of 4.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the company earned $1.87 earnings per share. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 81.12%.

Texas Instruments Company Profile

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.