Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Headinvest LLC

Headinvest LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 34,691 shares of the semiconductor company’s stock after selling 1,341 shares during the quarter. Texas Instruments comprises approximately 1.2% of Headinvest LLC’s portfolio, making the stock its 26th largest position. Headinvest LLC’s holdings in Texas Instruments were worth $6,505,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Diversify Wealth Management LLC grew its stake in shares of Texas Instruments by 75.9% during the fourth quarter. Diversify Wealth Management LLC now owns 2,035 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 878 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Texas Instruments by 20.1% during the 4th quarter. Diversify Advisory Services LLC now owns 4,149 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 694 shares in the last quarter. Aspiriant LLC increased its holdings in Texas Instruments by 9.1% during the 4th quarter. Aspiriant LLC now owns 1,548 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 129 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Texas Instruments by 13.6% in the 4th quarter. Atomi Financial Group Inc. now owns 4,144 shares of the semiconductor company’s stock valued at $777,000 after purchasing an additional 496 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Texas Instruments by 4.5% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,070,968 shares of the semiconductor company’s stock valued at $200,817,000 after buying an additional 45,877 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN opened at $185.42 on Thursday. 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’s 50-day moving average price is $168.03 and its 200 day moving average price is $184.21. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The firm has a market cap of $168.45 billion, a P/E ratio of 35.73, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TXN shares. Stifel Nicolaus dropped their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Citigroup lowered their target price on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 11th. TD Securities reaffirmed a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. KeyCorp lowered their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $189.41.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by corporate insiders.

About Texas Instruments

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.