Beacon Investment Advisory Services Inc. Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Investment Advisory Services Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 88.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,198 shares of the semiconductor company’s stock after selling 97,876 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Texas Instruments were worth $2,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TXN. Norges Bank purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $1,649,592,000. Van ECK Associates Corp increased its holdings in Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after buying an additional 1,972,304 shares during the period. California Public Employees Retirement System increased its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. increased its holdings in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.8 %

Shares of Texas Instruments stock traded up $1.61 on Thursday, reaching $205.87. 5,278,269 shares of the company were exchanged, compared to its average volume of 5,437,649. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The company has a market cap of $187.44 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 4.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock’s 50 day moving average price is $197.05 and its 200-day moving average price is $178.42.

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 the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.53%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. TD Cowen increased their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Truist Financial raised their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $188.10.

Insider Buying and Selling at Texas Instruments

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

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.