LRI Investments LLC Has $751,000 Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

LRI Investments LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,006 shares of the semiconductor company’s stock after selling 75 shares during the quarter. LRI Investments LLC’s holdings in Texas Instruments were worth $751,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JARISLOWSKY FRASER Ltd grew its stake in shares of Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 165 shares during the period. Guardian Wealth Advisors LLC NC grew its stake in Texas Instruments by 17.3% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,033 shares of the semiconductor company’s stock valued at $569,000 after acquiring an additional 448 shares during the period. Geller Advisors LLC increased its holdings in shares of Texas Instruments by 2.8% during the fourth quarter. Geller Advisors LLC now owns 4,578 shares of the semiconductor company’s stock valued at $858,000 after acquiring an additional 123 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Texas Instruments by 41.2% during the fourth quarter. Gotham Asset Management LLC now owns 51,845 shares of the semiconductor company’s stock worth $9,721,000 after purchasing an additional 15,125 shares during the period. Finally, Focus Partners Wealth lifted its holdings in shares of Texas Instruments by 35.8% in the 4th quarter. Focus Partners Wealth now owns 71,022 shares of the semiconductor company’s stock worth $13,544,000 after purchasing an additional 18,707 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 4.0%

Shares of TXN stock opened at $172.27 on Monday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $156.50 billion, a P/E ratio of 33.19, a PEG ratio of 3.30 and a beta of 0.97. The company has a 50 day moving average of $167.29 and a 200-day moving average of $184.96. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 103.23%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,065 shares of company stock worth $59,734,685. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXN. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a research note on Friday, April 25th. Cantor Fitzgerald decreased their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Benchmark dropped their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. KeyCorp decreased their price objective on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Barclays lowered Texas Instruments from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $189.41.

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.