Transcend Capital Advisors LLC Has $3.32 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Transcend Capital Advisors LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,456 shares of the semiconductor company’s stock after selling 2,140 shares during the period. Transcend Capital Advisors LLC’s holdings in Texas Instruments were worth $3,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Annapolis Financial Services LLC lifted its position in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Finally, AMH Equity Ltd bought a new position in shares of Texas Instruments in the third quarter worth about $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXN shares. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Truist Financial lifted their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna lifted their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.23 during trading hours on Friday, reaching $177.48. 5,401,860 shares of the company’s stock were exchanged, compared to its average volume of 5,477,503. The stock has a market cap of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The firm has a fifty day moving average of $169.29 and a 200-day moving average of $162.22. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

About Texas Instruments

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.