Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 69 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,647 shares of the semiconductor company’s stock after selling 69 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Texas Instruments were worth $1,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kathmere Capital Management LLC bought a new stake in Texas Instruments in the second quarter worth $259,000. Ascent Group LLC raised its position in shares of Texas Instruments by 3.5% in the 2nd quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock worth $475,000 after purchasing an additional 83 shares during the last quarter. Creative Planning boosted its stake in Texas Instruments by 12.5% in the 2nd quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock worth $38,331,000 after purchasing an additional 21,946 shares in the last quarter. NewEdge Advisors LLC grew its position in Texas Instruments by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 60,679 shares of the semiconductor company’s stock valued at $11,804,000 after purchasing an additional 425 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Texas Instruments during the 2nd quarter valued at about $292,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

Texas Instruments stock opened at $187.03 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The company has a market capitalization of $170.61 billion, a PE ratio of 34.76, a P/E/G ratio of 3.84 and a beta of 0.98. The company has a 50 day moving average price of $193.38 and a 200-day moving average price of $199.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter in the prior year, the business posted $1.49 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 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, February 11th. Stockholders of record on Friday, January 31st will be given a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.91%. Texas Instruments’s payout ratio is presently 101.12%.

Analysts Set New Price Targets

Several brokerages have commented on TXN. Bank of America cut their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday. Barclays cut their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday. Robert W. Baird lowered their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.