Stonegate Investment Group LLC Sells 860 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Stonegate Investment Group LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,548 shares of the semiconductor company’s stock after selling 860 shares during the period. Stonegate Investment Group LLC’s holdings in Texas Instruments were worth $7,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chemistry Wealth Management LLC boosted its position in Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its position in Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the period. Guardian Wealth Management Inc. boosted its position in Texas Instruments by 0.6% in the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after buying an additional 65 shares during the period. Buckley Wealth Management LLC boosted its position in Texas Instruments by 1.1% in the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 65 shares during the period. Finally, Howard Financial Services LTD. lifted its position in shares of Texas Instruments by 3.1% in the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 66 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN traded down $2.87 during midday trading on Tuesday, hitting $176.42. 6,443,366 shares of the company traded hands, compared to its average volume of 5,698,071. 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 company has a market capitalization of $160.63 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 3.78 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. The business has a 50 day simple moving average of $169.94 and a two-hundred day simple moving average of $162.63.

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

Texas Instruments Announces Dividend

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

Analyst Ratings Changes

TXN has been the subject of several research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Finally, UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.