Pittenger & Anderson Inc. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Pittenger & Anderson Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,655 shares of the semiconductor company’s stock after selling 1,419 shares during the period. Pittenger & Anderson Inc.’s holdings in Texas Instruments were worth $6,589,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter valued at about $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Annapolis Financial Services LLC grew its holdings in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments in the third quarter worth $25,000. Finally, Riverview Trust Co raised its holdings in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 66 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded up $2.37 during midday trading on Friday, reaching $177.62. 2,368,938 shares of the company traded hands, compared to its average volume of 5,666,894. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The business has a 50 day moving average of $168.95 and a two-hundred day moving average of $162.08. The firm has a market capitalization of $161.64 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday. Barclays dropped their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday. Truist Financial raised their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $180.74.

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.