Icon Wealth Advisors LLC Sells 1,059 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Icon Wealth Advisors LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,192 shares of the semiconductor company’s stock after selling 1,059 shares during the period. Icon Wealth Advisors LLC’s holdings in Texas Instruments were worth $2,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IronBridge Private Wealth LLC grew its stake in shares of Texas Instruments by 0.5% in the first quarter. IronBridge Private Wealth LLC now owns 17,262 shares of the semiconductor company’s stock valued at $3,007,000 after acquiring an additional 83 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of Texas Instruments by 79.5% in the first quarter. Waverly Advisors LLC now owns 9,111 shares of the semiconductor company’s stock valued at $1,587,000 after acquiring an additional 4,035 shares in the last quarter. London & Capital Asset Management Ltd grew its stake in shares of Texas Instruments by 1.5% in the first quarter. London & Capital Asset Management Ltd now owns 245,756 shares of the semiconductor company’s stock valued at $42,813,000 after acquiring an additional 3,744 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Texas Instruments by 15.6% in the first quarter. Kestra Advisory Services LLC now owns 134,310 shares of the semiconductor company’s stock valued at $23,398,000 after acquiring an additional 18,107 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC grew its stake in shares of Texas Instruments by 20.1% in the first quarter. Steel Grove Capital Advisors LLC now owns 12,268 shares of the semiconductor company’s stock valued at $2,137,000 after acquiring an additional 2,055 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.4 %

TXN traded down $0.89 during trading on Tuesday, reaching $200.99. 6,055,535 shares of the stock traded hands, compared to its average volume of 5,499,387. The stock has a market capitalization of $183.51 billion, a PE ratio of 31.36, a P/E/G ratio of 4.40 and a beta of 0.99. The stock’s 50-day moving average is $198.13 and its 200 day moving average is $180.46. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.59%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The shares were 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 in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,979 shares of company stock valued at $38,055,856. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. Truist Financial upped their price objective on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $198.64.

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.