Northcape Wealth Management LLC Sells 79 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Northcape Wealth Management LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,991 shares of the semiconductor company’s stock after selling 79 shares during the period. Northcape Wealth Management LLC’s holdings in Texas Instruments were worth $1,874,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Annapolis Financial Services LLC increased its position in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in Texas Instruments during the third quarter worth approximately $25,000. Finally, AMH Equity Ltd acquired a new stake in shares of Texas Instruments during the third quarter worth about $32,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TXN. Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. KeyCorp boosted their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Robert W. Baird increased their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Three equities 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 MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Stock Performance

NASDAQ TXN traded down $2.87 during trading on Tuesday, reaching $176.42. The company’s stock had a trading volume of 6,443,366 shares, compared to its average volume of 5,698,071. The firm has a 50 day moving average price of $169.67 and a 200 day moving average price of $162.46. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $160.63 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.78 and a beta of 1.04.

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

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors 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 2.95%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is currently owned by 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.