EP Wealth Advisors LLC Sells 360 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EP Wealth Advisors LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,915 shares of the semiconductor company’s stock after selling 360 shares during the quarter. EP Wealth Advisors LLC’s holdings in Texas Instruments were worth $3,644,000 as of its most recent SEC filing.

Several other hedge funds and 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 fourth quarter worth $25,000. Life Planning Partners Inc bought a new position in Texas Instruments during the fourth quarter worth $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments during the fourth quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments during the fourth quarter worth $31,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 2.5 %

Shares of Texas Instruments stock traded up $4.84 on Friday, reaching $201.99. 5,383,177 shares of the company’s stock were exchanged, compared to its average volume of 5,510,229. The company has a market capitalization of $183.91 billion, a P/E ratio of 31.52, a price-to-earnings-growth ratio of 4.29 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $210.84. The firm’s 50-day moving average is $197.90 and its two-hundred day moving average is $179.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.14 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Morgan Stanley boosted their price target on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Wells Fargo & Company began coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target for the company. Finally, Evercore ISI boosted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Four investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $198.64.

Insider Transactions at Texas Instruments

In related 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 value of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last ninety days. 0.68% of the stock is owned by company 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.