Orion Portfolio Solutions LLC Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Orion Portfolio Solutions LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,314 shares of the semiconductor company’s stock after selling 187 shares during the period. Orion Portfolio Solutions LLC’s holdings in Texas Instruments were worth $15,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Fiduciary Alliance LLC grew its holdings in shares of Texas Instruments by 25.3% in the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after purchasing an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 3,707 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after buying an additional 4,238 shares during the last quarter. Taika Capital LP bought a new stake in shares of Texas Instruments in the 3rd quarter worth about $4,394,000. Finally, Hamlin Capital Management LLC raised its position in shares of Texas Instruments by 9.2% during the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company’s stock valued at $163,438,000 after buying an additional 73,715 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of TXN stock opened at $176.33 on Friday. The firm has a market cap of $160.45 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $186.45 and its 200 day moving average is $194.71.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business posted $1.49 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXN shares. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Company 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.