Pathstone Holdings LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Pathstone Holdings LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,580 shares of the semiconductor company’s stock after selling 1,369 shares during the period. Pathstone Holdings LLC’s holdings in Texas Instruments were worth $21,482,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Promus Capital LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the 4th quarter worth $27,000. Summit Securities Group LLC purchased a new position in Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the 4th quarter worth $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Mizuho set a $170.00 target price on Texas Instruments in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $189.41.

Texas Instruments Stock Down 0.5%

TXN stock opened at $187.34 on Thursday. The company has a market cap of $170.19 billion, a P/E ratio of 36.10, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company’s 50-day moving average price is $167.04 and its 200 day moving average price is $184.86. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.90%. Texas Instruments’s payout ratio is 103.23%.

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.