Avantax Advisory Services Inc. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 27.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,183 shares of the semiconductor company’s stock after selling 8,077 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Texas Instruments were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $27,000. Credit Agricole S A boosted its position in shares of Texas Instruments by 85.8% in the fourth quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 97 shares during the last quarter. Atlas Private Wealth Management purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $28,000. Gradient Investments LLC increased its position in Texas Instruments by 616.2% during the fourth quarter. Gradient Investments LLC now owns 265 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 228 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.93% of the company’s stock.
In other news, VP Ahmad Bahai sold 8,575 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $115.60, for a total transaction of $991,270.00. Following the completion of the transaction, the vice president now owns 28,258 shares in the company, valued at approximately $3,266,624.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rafael R. Lizardi sold 22,658 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $130.32, for a total transaction of $2,952,790.56. Following the transaction, the chief financial officer now owns 89,776 shares of the company’s stock, valued at approximately $11,699,608.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,144 shares of company stock worth $6,396,061. 0.73% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on the company. Jefferies Financial Group increased their target price on Texas Instruments from $150.00 to $164.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. SunTrust Banks boosted their price objective on shares of Texas Instruments from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Goldman Sachs Group downgraded shares of Texas Instruments from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $123.00 to $88.00 in a research note on Tuesday, March 24th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. Texas Instruments has a consensus rating of “Hold” and an average target price of $123.13.
Shares of NASDAQ:TXN traded down $0.82 on Monday, reaching $108.89. 1,434,115 shares of the company’s stock were exchanged, compared to its average volume of 6,130,151. The firm has a market capitalization of $100.69 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.91 and a beta of 1.16. Texas Instruments Incorporated has a fifty-two week low of $93.09 and a fifty-two week high of $135.70. The business’s 50-day moving average is $106.22 and its two-hundred day moving average is $119.87. The company has a quick ratio of 2.65, a current ratio of 3.49 and a debt-to-equity ratio of 0.71.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.23. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Analysts predict that Texas Instruments Incorporated will post 4.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $3.60 annualized dividend and a yield of 3.31%. Texas Instruments’s payout ratio is 68.70%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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