Dividend Assets Capital LLC Sells 1,100 Shares of Texas Instruments Incorporated (NASDAQ:TXN)


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Dividend Assets Capital LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,048 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. Texas Instruments makes up 2.2% of Dividend Assets Capital LLC’s holdings, making the stock its 9th biggest holding. Dividend Assets Capital LLC’s holdings in Texas Instruments were worth $11,726,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Kanawha Capital Management LLC increased its position in shares of Texas Instruments by 1.2% during the first quarter. Kanawha Capital Management LLC now owns 4,585 shares of the semiconductor company’s stock worth $867,000 after purchasing an additional 55 shares in the last quarter. GFG Capital LLC increased its holdings in Texas Instruments by 4.5% in the 1st quarter. GFG Capital LLC now owns 1,296 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 56 shares during the last quarter. Budros Ruhlin & Roe Inc. increased its holdings in Texas Instruments by 0.6% in the 4th quarter. Budros Ruhlin & Roe Inc. now owns 10,504 shares of the semiconductor company’s stock valued at $1,724,000 after purchasing an additional 59 shares during the last quarter. Sompo Asset Management Co. Ltd. increased its holdings in Texas Instruments by 0.4% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 16,200 shares of the semiconductor company’s stock valued at $2,659,000 after purchasing an additional 60 shares during the last quarter. Finally, Hemington Wealth Management boosted its position in Texas Instruments by 4.1% in the 1st quarter. Hemington Wealth Management now owns 1,531 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 60 shares during the period. 83.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Richard K. Templeton sold 112,500 shares of the business’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $170.74, for a total transaction of $19,208,250.00. Following the sale, the chief executive officer now owns 622,167 shares of the company’s stock, valued at $106,228,793.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darla H. Whitaker sold 30,658 shares of the business’s stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $177.41, for a total transaction of $5,439,035.78. Following the sale, the vice president now directly owns 73,304 shares in the company, valued at approximately $13,004,862.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,518 shares of company stock worth $41,675,362. 0.73% of the stock is owned by insiders.

Several equities analysts have commented on TXN shares. Barclays raised their price target on shares of Texas Instruments from $155.00 to $170.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Truist raised their price target on shares of Texas Instruments from $184.00 to $200.00 in a research report on Wednesday, April 28th. Citigroup lifted their price objective on shares of Texas Instruments from $201.00 to $215.00 in a research report on Wednesday, April 28th. KeyCorp lifted their price objective on shares of Texas Instruments from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average target price of $189.23.

Shares of Texas Instruments stock traded down $2.19 on Tuesday, reaching $176.60. 60,731 shares of the stock were exchanged, compared to its average volume of 4,822,852. Texas Instruments Incorporated has a 1-year low of $105.45 and a 1-year high of $197.58. The company has a current ratio of 4.24, a quick ratio of 3.29 and a debt-to-equity ratio of 0.75. The business has a fifty day moving average price of $186.62 and a two-hundred day moving average price of $169.79. The firm has a market capitalization of $163.09 billion, a PE ratio of 33.80, a PEG ratio of 3.10 and a beta of 1.06.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.31. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s revenue was up 28.8% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, May 3rd will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, April 30th. Texas Instruments’s dividend payout ratio is currently 77.86%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

Further Reading: Why do companies issue stock splits?

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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