Franklin Street Advisors Inc. NC Sells 48,774 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Franklin Street Advisors Inc. NC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 69.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,125 shares of the semiconductor company’s stock after selling 48,774 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Texas Instruments were worth $3,601,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new position in shares of Texas Instruments in the first quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after purchasing an additional 243,907 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Texas Instruments by 7.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new stake in shares of Texas Instruments during the first quarter valued at about $337,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Texas Instruments in the first quarter worth about $315,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

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 transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Up 0.8 %

TXN opened at $174.21 on Friday. 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 business’s 50-day moving average price is $166.63 and its 200-day moving average price is $160.86. The company has a market cap of $158.54 billion, a P/E ratio of 24.68, a P/E/G ratio of 3.72 and a beta of 1.04.

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

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Susquehanna dropped their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report 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 report on Monday, March 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $173.89.

Texas Instruments Company 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.