Guinness Atkinson Asset Management Inc Sells 156 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Guinness Atkinson Asset Management Inc decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,331 shares of the semiconductor company’s stock after selling 156 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Texas Instruments were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments in the first quarter valued at approximately $31,000. Norwood Financial Corp bought a new stake in shares of Texas Instruments during the first quarter worth $32,000. Finally, Fortis Group Advisors LLC raised its holdings in shares of Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent research reports. Truist Financial dropped their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Evercore ISI boosted their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. KeyCorp increased their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $205.65.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $2.64 during trading on Friday, reaching $205.11. 2,815,781 shares of the stock were exchanged, compared to its average volume of 5,472,786. The firm has a market cap of $187.28 billion, a PE ratio of 35.61, a PEG ratio of 4.46 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The stock has a 50-day moving average price of $201.93 and a 200-day moving average price of $193.23.

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

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is 90.28%.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was 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 directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 over the last 90 days. 0.68% of the stock is owned by corporate insiders.

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.