Stratos Wealth Advisors LLC Sells 174 Shares of Texas Instruments Incorporated $TXN

Stratos Wealth Advisors LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,092 shares of the semiconductor company’s stock after selling 174 shares during the period. Stratos Wealth Advisors LLC’s holdings in Texas Instruments were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its stake in Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after purchasing an additional 6,267 shares during the period. Independent Advisor Alliance boosted its stake in Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock worth $4,795,000 after purchasing an additional 1,232 shares during the period. Baron Silver Stevens Financial Advisors LLC acquired a new position in Texas Instruments in the 2nd quarter worth $326,000. Farther Finance Advisors LLC boosted its stake in Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after purchasing an additional 4,191 shares during the period. Finally, Generate Investment Management Ltd boosted its stake in Texas Instruments by 40.0% in the 2nd quarter. Generate Investment Management Ltd now owns 87,796 shares of the semiconductor company’s stock worth $18,228,000 after purchasing an additional 25,105 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXN. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Tuesday, July 22nd. Cowen restated a “hold” rating on shares of Texas Instruments in a research note on Wednesday, June 25th. UBS Group set a $255.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 22nd. DZ Bank restated a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Finally, Citigroup dropped their target price on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $209.47.

Texas Instruments Stock Up 1.7%

Shares of TXN stock opened at $179.59 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm’s 50-day moving average is $187.17 and its 200-day moving average is $185.96. The stock has a market cap of $163.27 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a yield of 3.2%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is currently 99.63%.

Insiders Place Their Bets

In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently 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.