Nicholas Hoffman & Company LLC. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Nicholas Hoffman & Company LLC. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,121 shares of the semiconductor company’s stock after selling 492 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Texas Instruments were worth $718,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% in the third 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 Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. KeyCorp raised their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Evercore ISI boosted their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Truist Financial raised their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Price Performance

Texas Instruments stock traded down $2.87 during mid-day trading on Tuesday, hitting $176.42. 6,443,366 shares of the company were exchanged, compared to its average volume of 5,698,071. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a market capitalization of $160.63 billion, a P/E ratio of 27.52, a PEG ratio of 3.78 and a beta of 1.04. The business’s 50 day simple moving average is $169.94 and its two-hundred day simple moving average is $162.63. 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 (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.95%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments Company 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.