Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Fiduciary Alliance LLC

Fiduciary Alliance LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,951 shares of the semiconductor company’s stock after selling 532 shares during the quarter. Fiduciary Alliance LLC’s holdings in Texas Instruments were worth $5,013,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TXN. Norges Bank bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $1,649,592,000. Morgan Stanley raised its stake in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. increased its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $1.10 on Friday, reaching $194.53. 8,860,990 shares of the company’s stock were exchanged, compared to its average volume of 4,647,702. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00. The stock has a fifty day simple moving average of $190.26 and a 200-day simple moving average of $175.28.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In related 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 directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s 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 completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several recent analyst reports. Susquehanna boosted their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price for the company. Benchmark upped their target price on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $183.43.

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.