Connecticut Wealth Management LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Connecticut Wealth Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,306 shares of the semiconductor company’s stock after selling 1,257 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Texas Instruments were worth $807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blossom Wealth Management raised its stake in Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 55 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 56 shares during the last quarter. OLD Second National Bank of Aurora raised its stake in Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 57 shares during the last quarter. Voya Financial Advisors Inc. raised its stake in Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its stake in Texas Instruments by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock valued at $2,032,000 after purchasing an additional 59 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TXN. TD Securities reissued a “hold” rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Stifel Nicolaus lowered their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Citigroup lowered their price target on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Cantor Fitzgerald lowered their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $189.41.

Texas Instruments Stock Down 2.8%

NASDAQ TXN opened at $180.21 on Friday. The stock has a market cap of $163.72 billion, a PE ratio of 34.72, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The business has a 50 day moving average price of $168.03 and a two-hundred day moving average price of $184.05. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Texas Instruments’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,065 shares of company stock valued at $40,070,845 in the last three months. Corporate insiders own 0.57% of the company’s stock.

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.