Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Access Financial Services Inc.

Access Financial Services Inc. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,248 shares of the semiconductor company’s stock after selling 790 shares during the quarter. Texas Instruments accounts for 0.8% of Access Financial Services Inc.’s portfolio, making the stock its 29th largest position. Access Financial Services Inc.’s holdings in Texas Instruments were worth $1,576,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Annapolis Financial Services LLC lifted its holdings in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments during the 3rd quarter worth approximately $25,000. Riverview Trust Co lifted its holdings in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after buying an additional 66 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in Texas Instruments during the 4th quarter worth approximately $30,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial cut their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Mizuho cut their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Susquehanna cut their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, TD Cowen raised their target price on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $173.89.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $174.21 on Friday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $158.54 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 3.72 and a beta of 1.04. The stock’s fifty day simple moving average is $166.63 and its 200 day simple moving average is $160.86. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 73.65%.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

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.