Brown Miller Wealth Management LLC Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Miller Wealth Management LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 60.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,995 shares of the semiconductor company’s stock after selling 7,705 shares during the period. Brown Miller Wealth Management LLC’s holdings in Texas Instruments were worth $851,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Strong Tower Advisory Services lifted its position in shares of Texas Instruments by 2.6% in the fourth quarter. Strong Tower Advisory Services now owns 7,177 shares of the semiconductor company’s stock valued at $1,223,000 after acquiring an additional 179 shares in the last quarter. Ballast Inc. boosted its stake in shares of Texas Instruments by 2.0% during the 4th quarter. Ballast Inc. now owns 6,923 shares of the semiconductor company’s stock worth $1,180,000 after purchasing an additional 139 shares during the last quarter. WealthCare Investment Partners LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $210,000. MJP Associates Inc. ADV boosted its position in Texas Instruments by 53.8% during the fourth quarter. MJP Associates Inc. ADV now owns 1,946 shares of the semiconductor company’s stock worth $332,000 after acquiring an additional 681 shares during the last quarter. Finally, Deane Retirement Strategies Inc. boosted its holdings in shares of Texas Instruments by 0.5% during the fourth quarter. Deane Retirement Strategies Inc. now owns 20,853 shares of the semiconductor company’s stock worth $3,555,000 after purchasing an additional 95 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN stock traded up $1.34 on Thursday, hitting $174.21. 4,416,948 shares of the company’s stock traded hands, compared to its average volume of 5,694,404. The stock has a market cap of $158.54 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 3.61 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $166.63 and a 200-day moving average of $160.86. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 73.65%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays decreased their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley raised their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Truist Financial dropped their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Mizuho dropped their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $170.00 price target on shares of Texas Instruments in a research note on Monday, March 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.89.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

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.