Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,690 shares of the semiconductor company’s stock after selling 164 shares during the period. Janiczek Wealth Management LLC’s holdings in Texas Instruments were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter worth $1,548,365,000. Moneta Group Investment Advisors LLC lifted its position in Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after acquiring an additional 8,349,393 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Texas Instruments by 497.1% in the first quarter. Envestnet Asset Management Inc. now owns 7,377,079 shares of the semiconductor company’s stock valued at $247,302,000 after acquiring an additional 6,141,556 shares during the last quarter. Morgan Stanley lifted its position in Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after acquiring an additional 5,191,426 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Texas Instruments by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock valued at $2,748,406,000 after acquiring an additional 3,655,383 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock traded down $3.43 during trading hours on Friday, hitting $162.62. The company’s stock had a trading volume of 9,427,916 shares, compared to its average volume of 3,915,385. The business has a fifty day moving average of $172.20 and a 200-day moving average of $173.17. The stock has a market cap of $147.65 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.42 and a beta of 1.03. Texas Instruments Incorporated has a twelve month low of $145.97 and a twelve month high of $188.12. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 earnings per share. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 7.34 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $1.24 dividend. The ex-dividend date was Friday, July 28th. This represents a $4.96 annualized dividend and a dividend yield of 3.05%. Texas Instruments’s dividend payout ratio is presently 59.62%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXN shares. Citigroup boosted their price target on shares of Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Truist Financial reduced their price target on shares of Texas Instruments from $178.00 to $174.00 in a research report on Wednesday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Tuesday, July 25th. Sanford C. Bernstein cut shares of Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price for the company. in a report on Wednesday, August 30th. Finally, Mizuho reduced their target price on shares of Texas Instruments from $185.00 to $181.00 in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $185.32.

Insider Activity at Texas Instruments

In related news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the transaction, the director now owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now directly owns 35,801 shares in the company, valued at approximately $6,445,612.04. The disclosure for this sale can be found here. Insiders own 0.54% 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. It operates in two segments, Analog and Embedded Processing. 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.