Avestar Capital LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Avestar Capital LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,234 shares of the semiconductor company’s stock after selling 146 shares during the quarter. Avestar Capital LLC’s holdings in Texas Instruments were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in shares of Texas Instruments by 18.8% during the third quarter. Exchange Traded Concepts LLC now owns 6,135 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 973 shares during the last quarter. CX Institutional boosted its stake in Texas Instruments by 5.2% during the 3rd quarter. CX Institutional now owns 3,481 shares of the semiconductor company’s stock worth $719,000 after purchasing an additional 173 shares during the period. Creative Planning grew its position in Texas Instruments by 7.1% during the 3rd quarter. Creative Planning now owns 211,018 shares of the semiconductor company’s stock worth $43,590,000 after purchasing an additional 13,972 shares during the last quarter. Jamison Private Wealth Management Inc. increased its stake in Texas Instruments by 881.1% in the third quarter. Jamison Private Wealth Management Inc. now owns 363 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 326 shares during the period. Finally, Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.5 %

Shares of TXN stock opened at $180.80 on Friday. Texas Instruments Incorporated has a fifty-two week low of $156.57 and a fifty-two week high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $188.63 and a 200-day simple moving average of $197.63. The stock has a market cap of $164.93 billion, a P/E ratio of 34.84, a P/E/G ratio of 2.95 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the company posted $1.49 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXN. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Susquehanna dropped their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Barclays lowered their price objective 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, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments 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.