Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,456 shares of the semiconductor company’s stock after selling 2,140 shares during the period. Transcend Capital Advisors LLC’s holdings in Texas Instruments were worth $3,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TXN. Annapolis Financial Services LLC lifted its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Finally, AMH Equity Ltd acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $32,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TXN shares. Barclays cut their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. The Goldman Sachs Group boosted their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. Stifel Nicolaus upped their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday. Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Trading Up 1.3 %

NASDAQ TXN traded up $2.23 during trading hours on Friday, reaching $177.48. The company had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The stock has a 50-day moving average of $169.29 and a 200 day moving average of $162.22. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $1.85 earnings per share. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.2 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 given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is 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.