Everhart Financial Group Inc. Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Everhart Financial Group Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 43.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,204 shares of the semiconductor company’s stock after selling 940 shares during the period. Everhart Financial Group Inc.’s holdings in Texas Instruments were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Vanguard Group Inc. increased its stake in 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 purchasing an additional 458,853 shares in the last quarter. BlackRock Inc. raised its stake in shares of Texas Instruments by 0.5% during the 2nd quarter. BlackRock Inc. now owns 79,683,366 shares of the semiconductor company’s stock worth $14,344,600,000 after buying an additional 370,126 shares during the last quarter. State Street Corp boosted its position in shares of Texas Instruments by 0.3% in the 2nd quarter. State Street Corp now owns 37,931,129 shares of the semiconductor company’s stock worth $6,828,362,000 after buying an additional 112,156 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after acquiring an additional 839,964 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Texas Instruments by 54.4% during the 4th 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 in the last quarter. 83.37% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN stock opened at $172.48 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The firm has a market capitalization of $156.97 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.71 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a 50 day moving average price of $166.22 and a 200 day moving average price of $160.82.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping 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 business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm posted $2.13 EPS. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

Insider Buying and Selling

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 shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TXN. Morgan Stanley increased their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Truist Financial dropped their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 price target on shares of Texas Instruments in a report on Monday, March 4th. TD Cowen increased their price objective on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Finally, KeyCorp boosted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.89.

Check Out Our Latest Report on Texas Instruments

Texas Instruments Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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