Glassman Wealth Services Has $391,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Glassman Wealth Services boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,292 shares of the semiconductor company’s stock after purchasing an additional 274 shares during the quarter. Glassman Wealth Services’ holdings in Texas Instruments were worth $391,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares during the last quarter. Morgan Stanley grew its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.0 %

Texas Instruments stock traded up $1.89 during midday trading on Friday, hitting $199.18. 4,354,367 shares of the stock were exchanged, compared to its average volume of 5,450,153. The company has a fifty day simple moving average of $177.15 and a two-hundred day simple moving average of $167.88. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $203.62. The stock has a market capitalization of $181.35 billion, a PE ratio of 31.07, a P/E/G ratio of 4.28 and a beta of 1.01. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TXN shares. Truist Financial upped their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Cantor Fitzgerald upped their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Evercore ISI increased their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays increased their price objective on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.48.

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.