Texas Instruments Incorporated (NASDAQ:TXN) Holdings Raised by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,785 shares of the semiconductor company’s stock after acquiring an additional 320 shares during the quarter. Sendero Wealth Management LLC’s holdings in Texas Instruments were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TXN. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc bought a new position in Texas Instruments during the 4th quarter worth $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Texas Instruments in the fourth quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TXN shares. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Truist Financial upped their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $183.43.

Texas Instruments Trading Up 0.6 %

Shares of NASDAQ TXN traded up $1.10 during midday trading on Friday, hitting $194.53. The stock had a trading volume of 8,858,530 shares, compared to its average volume of 5,577,100. The company’s 50-day simple moving average is $190.26 and its 200 day simple moving average is $175.16. The firm has a market cap of $177.12 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 4.18 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 328,969 shares of company stock worth $58,427,984. Corporate insiders own 0.68% of the company’s stock.

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.