Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by Wambolt & Associates LLC

Wambolt & Associates LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,648 shares of the semiconductor company’s stock after selling 2,073 shares during the period. Wambolt & Associates LLC’s holdings in Texas Instruments were worth $2,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Florida Financial Advisors LLC boosted its position in Texas Instruments by 2.5% during the 4th quarter. Florida Financial Advisors LLC now owns 5,032 shares of the semiconductor company’s stock worth $944,000 after acquiring an additional 121 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Texas Instruments by 1.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 99,415 shares of the semiconductor company’s stock worth $18,641,000 after purchasing an additional 1,468 shares during the period. Prestige Wealth Management Group LLC grew its position in Texas Instruments by 3.7% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 62 shares in the last quarter. First American Trust FSB increased its stake in Texas Instruments by 101.0% during the 4th quarter. First American Trust FSB now owns 2,909 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 1,462 shares during the period. Finally, Heritage Wealth Management Inc. CA lifted its stake in shares of Texas Instruments by 120.1% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 1,281 shares of the semiconductor company’s stock worth $240,000 after acquiring an additional 699 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN opened at $185.51 on Tuesday. The firm has a market capitalization of $168.80 billion, a P/E ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. The stock has a fifty day moving average of $187.36 and a 200-day moving average of $195.16. 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 12-month low of $159.11 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Analysts Set New Price Targets

A number of research analysts recently commented on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

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.