Northcape Wealth Management LLC Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Northcape Wealth Management LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,991 shares of the semiconductor company’s stock after selling 79 shares during the period. Northcape Wealth Management LLC’s holdings in Texas Instruments were worth $1,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Compagnie Lombard Odier SCmA increased its holdings in shares of Texas Instruments by 84.5% in the third quarter. Compagnie Lombard Odier SCmA now owns 452 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 207 shares in the last quarter. Suncoast Equity Management lifted its position in shares of Texas Instruments by 4.1% during the 3rd quarter. Suncoast Equity Management now owns 2,131 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 83 shares during the last quarter. Atlas Private Wealth Management grew its holdings in Texas Instruments by 2.3% in the 3rd quarter. Atlas Private Wealth Management now owns 3,376 shares of the semiconductor company’s stock valued at $537,000 after buying an additional 77 shares during the last quarter. Sweet Financial Partners LLC increased its position in Texas Instruments by 7.6% in the 3rd quarter. Sweet Financial Partners LLC now owns 9,769 shares of the semiconductor company’s stock worth $1,553,000 after buying an additional 689 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Texas Instruments by 37.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,478 shares of the semiconductor company’s stock worth $235,000 after acquiring an additional 399 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $2.87 during trading hours on Tuesday, reaching $176.42. The stock had a trading volume of 6,443,366 shares, compared to its average volume of 5,698,071. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm has a 50-day moving average of $169.67 and a 200-day moving average of $162.46. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $160.63 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TXN shares. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Stifel Nicolaus boosted their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $180.74.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

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.