SeaCrest Wealth Management LLC Sells 60 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

SeaCrest Wealth Management LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,795 shares of the semiconductor company’s stock after selling 60 shares during the period. SeaCrest Wealth Management LLC’s holdings in Texas Instruments were worth $1,837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. One Capital Management LLC grew its position in shares of Texas Instruments by 47.3% during the 2nd quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company’s stock worth $620,000 after buying an additional 1,024 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Texas Instruments by 25.4% in the second quarter. Citizens Financial Group Inc. RI now owns 37,007 shares of the semiconductor company’s stock worth $7,199,000 after purchasing an additional 7,501 shares during the period. Excalibur Management Corp increased its stake in Texas Instruments by 2.7% in the second quarter. Excalibur Management Corp now owns 2,131 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 57 shares in the last quarter. Alpha Financial Partners LLC acquired a new position in shares of Texas Instruments during the second quarter valued at about $229,000. Finally, Perennial Investment Advisors LLC bought a new position in shares of Texas Instruments during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN opened at $193.50 on Wednesday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a market capitalization of $176.51 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The business has a fifty day moving average price of $196.30 and a two-hundred day moving average price of $199.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research reports. Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Finally, Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $209.71.

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.