Wealth Alliance Sells 114 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wealth Alliance lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,904 shares of the semiconductor company’s stock after selling 114 shares during the period. Wealth Alliance’s holdings in Texas Instruments were worth $1,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC grew its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Finally, Riverview Trust Co lifted its position in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Transactions at Texas Instruments

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

Analysts Set New Price Targets

TXN has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Truist Financial decreased their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.68.

Texas Instruments Price Performance

Shares of TXN stock traded up $1.60 during trading hours on Tuesday, reaching $167.95. The stock had a trading volume of 2,083,197 shares, compared to its average volume of 5,465,442. The firm has a market capitalization of $152.84 billion, a PE ratio of 23.79, a PEG ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock’s fifty day simple moving average is $167.76 and its 200 day simple moving average is $161.62. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $2.13 EPS. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.10%. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

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.