Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 32.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,326 shares of the semiconductor company’s stock after selling 648 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Texas Instruments were worth $226,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TXN. Annapolis Financial Services LLC raised its holdings in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in Texas Instruments in the third quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Riverview Trust Co raised its position in shares of Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $30,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

Shares of TXN opened at $171.20 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm’s 50 day moving average is $167.47 and its 200-day moving average is $161.48. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market capitalization of $155.80 billion, a P/E ratio of 24.25, a P/E/G ratio of 3.63 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TXN shares. Cantor Fitzgerald upped their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Mizuho reduced their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Barclays decreased their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.42.

Texas Instruments 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.