SRS Capital Advisors Inc. Has $61,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

SRS Capital Advisors Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 85.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 357 shares of the semiconductor company’s stock after selling 2,060 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Texas Instruments were worth $61,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TXN. Miracle Mile Advisors LLC increased its holdings in Texas Instruments by 2.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,544 shares of the semiconductor company’s stock worth $1,200,000 after purchasing an additional 195 shares in the last quarter. Cutler Investment Counsel LLC boosted its holdings in Texas Instruments by 0.4% during the 3rd quarter. Cutler Investment Counsel LLC now owns 66,080 shares of the semiconductor company’s stock worth $10,507,000 after acquiring an additional 236 shares during the last quarter. Concord Wealth Partners grew its stake in shares of Texas Instruments by 10.7% in the 3rd quarter. Concord Wealth Partners now owns 9,305 shares of the semiconductor company’s stock worth $1,480,000 after acquiring an additional 899 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Texas Instruments by 4.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 330,185 shares of the semiconductor company’s stock worth $52,503,000 after purchasing an additional 13,482 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Activity at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. Insiders sold 228,529 shares of company stock worth $40,502,458 in the last ninety days. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. KeyCorp lifted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus boosted their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Evercore ISI raised their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Trading Up 1.8 %

NASDAQ TXN opened at $178.91 on Friday. The stock’s 50-day simple moving average is $170.68 and its two-hundred day simple moving average is $162.98. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned $1.85 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.