Hantz Financial Services Inc. Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Hantz Financial Services Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,685 shares of the semiconductor company’s stock after selling 1,394 shares during the quarter. Hantz Financial Services Inc.’s holdings in Texas Instruments were worth $9,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. PGGM Investments acquired a new stake in Texas Instruments during the 1st quarter worth approximately $437,000. Cetera Investment Advisers raised its position in Texas Instruments by 450.8% during the 1st quarter. Cetera Investment Advisers now owns 200,185 shares of the semiconductor company’s stock worth $34,874,000 after buying an additional 163,838 shares during the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of Texas Instruments by 4.6% in the first quarter. Cetera Advisor Networks LLC now owns 99,311 shares of the semiconductor company’s stock valued at $17,301,000 after acquiring an additional 4,404 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Texas Instruments by 57.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,109 shares of the semiconductor company’s stock valued at $725,000 after purchasing an additional 1,496 shares during the period. Finally, GAMMA Investing LLC increased its position in Texas Instruments by 106.4% during the 2nd quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company’s stock worth $2,526,000 after purchasing an additional 6,696 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.9 %

TXN opened at $201.03 on Friday. The company has a market cap of $183.38 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The firm has a 50 day moving average price of $204.29 and a 200 day moving average price of $200.78.

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

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TXN shares. Bank of America reduced their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company began coverage on Texas Instruments in a report on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial decreased their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $210.05.

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.