Captrust Financial Advisors Sells 35,660 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Captrust Financial Advisors lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,031 shares of the semiconductor company’s stock after selling 35,660 shares during the quarter. Captrust Financial Advisors’ holdings in Texas Instruments were worth $17,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Westend Capital Management LLC bought a new stake in Texas Instruments during the first quarter valued at about $31,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the fourth quarter worth about $31,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.4 %

Texas Instruments stock opened at $200.99 on Wednesday. The stock has a market capitalization of $183.51 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 4.39 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84. The business has a 50 day simple moving average of $198.13 and a 200-day simple moving average of $180.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during 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 business’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Mizuho raised their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird raised their price target on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Barclays raised their price target on Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $198.64.

Insider Activity

In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.