Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,244 shares of the semiconductor company’s stock after selling 137 shares during the period. Park Place Capital Corp’s holdings in Texas Instruments were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in Texas Instruments during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last three months. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TXN shares. Citigroup raised their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Truist Financial lifted their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Benchmark increased their target price on shares of Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. The Goldman Sachs Group lifted their price target on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.07 during midday trading on Monday, hitting $194.60. The company’s stock had a trading volume of 2,872,247 shares, compared to its average volume of 5,555,462. The company has a market cap of $177.18 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The business’s 50 day simple moving average is $190.26 and its 200 day simple moving average is $175.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

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

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.