GraniteShares Advisors LLC Sells 757 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

GraniteShares Advisors LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,082 shares of the semiconductor company’s stock after selling 757 shares during the quarter. GraniteShares Advisors LLC’s holdings in Texas Instruments were worth $1,378,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its holdings in Texas Instruments by 16.8% in the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 60 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Texas Instruments by 2.8% in the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock valued at $416,000 after acquiring an additional 61 shares during the last quarter. Polar Capital Holdings Plc boosted its holdings in Texas Instruments by 0.6% in the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock valued at $1,802,000 after acquiring an additional 63 shares during the last quarter. Abacus Planning Group Inc. boosted its holdings in Texas Instruments by 3.7% in the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 64 shares during the last quarter. Finally, Riverview Trust Co boosted its holdings in Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXN. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald lifted their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Mizuho reduced their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $176.68.

Texas Instruments Stock Performance

Texas Instruments stock traded up $1.24 during trading on Tuesday, reaching $167.59. The company had a trading volume of 3,389,018 shares, compared to its average volume of 5,484,493. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $167.76 and its 200 day simple moving average is $161.62. The firm has a market capitalization of $152.52 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period last year, the firm earned $2.13 earnings per share. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.10%. Texas Instruments’s payout ratio is 73.65%.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

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.