RMR Wealth Builders Sells 489 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

RMR Wealth Builders reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,525 shares of the semiconductor company’s stock after selling 489 shares during the quarter. RMR Wealth Builders’ holdings in Texas Instruments were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC raised its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC bought a new stake in Texas Instruments in the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the third quarter worth $43,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.8 %

Shares of NASDAQ:TXN traded down $1.51 during midday trading on Friday, reaching $190.15. The company’s stock had a trading volume of 7,223,431 shares, compared to its average volume of 4,972,963. The firm has a market capitalization of $173.46 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 4.19 and a beta of 0.98. The firm has a 50 day moving average price of $197.03 and a two-hundred day moving average price of $199.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays cut their price objective on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $210.05.

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.