Wealth Alliance Sells 114 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wealth Alliance trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 8,904 shares of the semiconductor company’s stock after selling 114 shares during the period. Wealth Alliance’s holdings in Texas Instruments were worth $1,518,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Texas Instruments in the fourth quarter valued at about $1,548,365,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after buying an additional 8,349,393 shares in the last quarter. Morgan Stanley grew its position in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after purchasing an additional 1,439,066 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $1.60 on Tuesday, reaching $167.95. The company’s stock had a trading volume of 2,083,197 shares, compared to its average volume of 5,465,442. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $167.76 and a 200-day moving average price of $161.62. The company has a market capitalization of $152.84 billion, a P/E ratio of 23.79, a PEG ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.10%. Texas Instruments’s payout ratio is presently 73.65%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TXN. Barclays decreased their price objective 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. KeyCorp upped their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Mizuho lowered their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $195.00 in a report on Friday, January 19th. Finally, Cantor Fitzgerald lifted their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $176.68.

Insiders Place Their Bets

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

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.