Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,002 shares of the semiconductor company’s stock after selling 613 shares during the period. Texas Instruments makes up approximately 1.2% of Principal Street Partners LLC’s investment portfolio, making the stock its 29th largest holding. Principal Street Partners LLC’s holdings in Texas Instruments were worth $6,001,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TXN. Wealthcare Advisory Partners LLC raised its holdings in shares of Texas Instruments by 6.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,724 shares of the semiconductor company’s stock worth $1,261,000 after buying an additional 418 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock worth $1,639,000 after acquiring an additional 3,707 shares during the last quarter. Annex Advisory Services LLC raised its stake in Texas Instruments by 1.7% in the 4th quarter. Annex Advisory Services LLC now owns 7,190 shares of the semiconductor company’s stock worth $1,348,000 after acquiring an additional 123 shares during the last quarter. Eldred Rock Partners LLC lifted its position in Texas Instruments by 0.3% during the 4th quarter. Eldred Rock Partners LLC now owns 46,881 shares of the semiconductor company’s stock worth $8,799,000 after acquiring an additional 121 shares during the period. Finally, Diversify Wealth Management LLC grew its stake in Texas Instruments by 75.9% during the 4th quarter. Diversify Wealth Management LLC now owns 2,035 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 878 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $188.34 on Tuesday. The company has a market cap of $171.10 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 3.30 and a beta of 0.97. The firm’s fifty day simple moving average is $167.54 and its two-hundred day simple moving average is $184.17. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the company posted $1.10 EPS. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

Insiders Place Their Bets

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 in the last 90 days. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXN. Argus upgraded Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Robert W. Baird raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Monday, April 7th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Benchmark cut their price objective on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $189.41.

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.