Glassman Wealth Services Sells 85 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Glassman Wealth Services lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 1,705 shares of the semiconductor company’s stock after selling 85 shares during the period. Glassman Wealth Services’ holdings in Texas Instruments were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CarsonAllaria Wealth Management Ltd. bought a new position in Texas Instruments during the 4th quarter worth $26,000. Stuart Chaussee & Associates Inc. increased its position in Texas Instruments by 81.7% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock worth $28,000 after buying an additional 67 shares during the period. Life Planning Partners Inc bought a new position in Texas Instruments during the 4th quarter worth $28,000. Widmann Financial Services Inc. bought a new position in Texas Instruments during the 4th quarter worth $30,000. Finally, Rather & Kittrell Inc. bought a new position in Texas Instruments during the 4th quarter worth $30,000. Institutional investors and hedge funds own 83.96% of the company’s stock.

TXN stock traded down $0.48 during midday trading on Thursday, hitting $152.12. The company’s stock had a trading volume of 54,714 shares, compared to its average volume of 5,478,507. The stock’s 50-day moving average price is $168.36 and its 200 day moving average price is $175.62. The company has a quick ratio of 4.73, a current ratio of 5.54 and a debt-to-equity ratio of 0.52. Texas Instruments Incorporated has a 1 year low of $149.10 and a 1 year high of $202.26. The stock has a market cap of $140.27 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.88 and a beta of 0.94.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.18. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 8.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were given a dividend of $1.15 per share. The ex-dividend date was Friday, May 6th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.02%. Texas Instruments’s dividend payout ratio is presently 52.63%.

A number of research analysts recently commented on TXN shares. Stifel Nicolaus decreased their price target on Texas Instruments from $180.00 to $170.00 and set a “hold” rating on the stock in a research report on Wednesday, April 27th. StockNews.com upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, June 1st. Jefferies Financial Group decreased their price target on Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Mizuho reduced their price objective on Texas Instruments from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 27th. Finally, Bank of America reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $191.67.

In other Texas Instruments news, VP Hagop H. Kozanian sold 5,904 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the transaction, the vice president now directly owns 44,885 shares in the company, valued at approximately $7,640,773.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 12,299 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares in the company, valued at $3,252,649.40. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Texas Instruments Company Profile (Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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