Schechter Investment Advisors LLC Sells 791 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Schechter Investment Advisors LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,491 shares of the semiconductor company’s stock after selling 791 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Texas Instruments were worth $1,277,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bollard Group LLC grew its position in Texas Instruments by 4.6% in the 2nd quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 60 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 60 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Texas Instruments by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 61 shares during the last quarter. Polar Capital Holdings Plc boosted its holdings in Texas Instruments by 0.6% during the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after acquiring an additional 63 shares during the last quarter. Finally, Abacus Planning Group Inc. boosted its holdings in Texas Instruments by 3.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 3.0 %

Shares of NASDAQ TXN opened at $172.87 on Thursday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $157.32 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.61 and a beta of 1.04. The business has a 50-day moving average of $166.42 and a 200-day moving average of $160.78.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TXN shares. Mizuho cut their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Susquehanna lowered their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. KeyCorp boosted their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price objective on shares of Texas Instruments in a research note on Monday, March 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $173.89.

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.