MainStreet Investment Advisors LLC Has $8.88 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)


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MainStreet Investment Advisors LLC reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,093 shares of the semiconductor company’s stock after selling 5,270 shares during the period. MainStreet Investment Advisors LLC’s holdings in Texas Instruments were worth $8,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Magellan Asset Management Ltd acquired a new stake in Texas Instruments in the third quarter worth $25,000. Delta Asset Management LLC TN raised its holdings in Texas Instruments by 198.2% in the fourth quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 113 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Texas Instruments by 240.0% in the third quarter. Capital Advisors Ltd. LLC now owns 204 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 144 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in Texas Instruments in the fourth quarter worth $30,000. Finally, Ellevest Inc. raised its holdings in Texas Instruments by 67.6% in the third quarter. Ellevest Inc. now owns 228 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

In other Texas Instruments news, VP Haren Julie Van sold 23,733 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $169.73, for a total transaction of $4,028,202.09. Following the transaction, the vice president now directly owns 23,781 shares in the company, valued at $4,036,349.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 4,703 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $165.25, for a total transaction of $777,170.75. Following the transaction, the director now owns 12,491 shares in the company, valued at $2,064,137.75. The disclosure for this sale can be found here. Insiders sold 544,325 shares of company stock worth $92,809,465 over the last ninety days. 0.73% of the stock is currently owned by insiders.

Shares of Texas Instruments stock traded down $1.75 on Tuesday, reaching $171.34. The stock had a trading volume of 104,826 shares, compared to its average volume of 4,608,027. Texas Instruments Incorporated has a 1 year low of $93.09 and a 1 year high of $181.80. The company has a market cap of $157.67 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. The company has a current ratio of 4.24, a quick ratio of 3.29 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $172.20 and its two-hundred day moving average is $155.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.30. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 8th. Investors of record on Monday, February 1st were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, January 29th. Texas Instruments’s dividend payout ratio is currently 77.86%.

Several equities research analysts have recently issued reports on TXN shares. Mizuho increased their price objective on shares of Texas Instruments from $162.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 27th. Jefferies Financial Group increased their price objective on shares of Texas Instruments from $185.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $162.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 27th. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $162.00 to $171.00 and gave the company a “sell” rating in a research report on Monday, December 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, January 27th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $165.71.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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