Alpha Cubed Investments LLC Has $17.39 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Alpha Cubed Investments LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,037 shares of the semiconductor company’s stock after selling 5,077 shares during the period. Alpha Cubed Investments LLC’s holdings in Texas Instruments were worth $17,393,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TXN. Annapolis Financial Services LLC lifted its position in 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 acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter valued at about $26,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments in the 3rd quarter valued at about $32,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were 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 directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded down $2.87 during mid-day 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. 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 27.97, a PEG ratio of 3.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm’s fifty day moving average price is $169.67 and its two-hundred day moving average price is $162.46.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business earned $1.85 EPS. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Truist Financial lifted their target price 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. Mizuho lifted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI lifted their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $180.74.

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.