U.S. Capital Wealth Advisors LLC Sells 7,468 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

U.S. Capital Wealth Advisors LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.3% in the fourth quarter, Holdings Channel reports. The fund owned 18,918 shares of the semiconductor company’s stock after selling 7,468 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Texas Instruments were worth $3,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its stake in shares of Texas Instruments by 4.8% during the third quarter. J.W. Cole Advisors Inc. now owns 7,309 shares of the semiconductor company’s stock valued at $1,162,000 after purchasing an additional 338 shares during the last quarter. Signet Financial Management LLC raised its position in shares of Texas Instruments by 2.1% during the third quarter. Signet Financial Management LLC now owns 9,565 shares of the semiconductor company’s stock worth $1,521,000 after purchasing an additional 193 shares during the period. Miracle Mile Advisors LLC lifted its stake in Texas Instruments by 2.7% in the third quarter. Miracle Mile Advisors LLC now owns 7,544 shares of the semiconductor company’s stock valued at $1,200,000 after buying an additional 195 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of Texas Instruments by 6.0% in the 3rd quarter. Intellectus Partners LLC now owns 4,278 shares of the semiconductor company’s stock valued at $680,000 after purchasing an additional 244 shares during the period. Finally, Sawyer & Company Inc bought a new stake in Texas Instruments in the 3rd quarter valued at approximately $41,000. 84.99% of the stock is owned by institutional investors.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $71,009,121.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $71,009,121.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 228,529 shares of company stock valued at $40,502,458. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN traded up $3.11 during midday trading on Friday, hitting $178.91. The company had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The company has a market capitalization of $162.89 billion, a PE ratio of 27.91, a P/E/G ratio of 3.75 and a beta of 1.01. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $170.68 and a 200-day moving average price of $162.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $180.74.

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.