Private Advisor Group LLC Sells 7,818 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Private Advisor Group LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.9% in the 4th quarter, HoldingsChannel reports. The firm owned 63,794 shares of the semiconductor company’s stock after selling 7,818 shares during the period. Private Advisor Group LLC’s holdings in Texas Instruments were worth $10,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC raised its stake 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 valued at $25,000 after acquiring an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments in the fourth quarter worth $26,000. Finally, AMH Equity Ltd bought a new stake in shares of Texas Instruments during the third quarter worth $32,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.4 %

Shares of TXN traded up $2.58 during trading hours on Tuesday, reaching $182.95. The stock had a trading volume of 2,535,401 shares, compared to its average volume of 5,636,615. The company has a market cap of $166.57 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $171.03 and a 200 day moving average of $163.33.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $1.85 earnings per share. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Robert W. Baird upped their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Benchmark reissued a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $180.74.

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.