Montag A & Associates Inc. Has $3.07 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Montag A & Associates Inc. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,027 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Montag A & Associates Inc.’s holdings in Texas Instruments were worth $3,073,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in Texas Instruments by 78.1% during the third quarter. Chicago Partners Investment Group LLC now owns 3,042 shares of the semiconductor company’s stock worth $445,000 after buying an additional 1,334 shares in the last quarter. Gratus Capital LLC increased its stake in Texas Instruments by 7.9% in the third quarter. Gratus Capital LLC now owns 8,997 shares of the semiconductor company’s stock valued at $1,431,000 after acquiring an additional 657 shares during the last quarter. TIAA Trust National Association bought a new stake in Texas Instruments during the third quarter worth $5,990,000. Brady Family Wealth LLC boosted its holdings in shares of Texas Instruments by 5.2% in the 3rd quarter. Brady Family Wealth LLC now owns 28,969 shares of the semiconductor company’s stock valued at $4,606,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Lafayette Investments Inc. boosted its holdings in shares of Texas Instruments by 5.2% in the 3rd quarter. Lafayette Investments Inc. now owns 9,461 shares of the semiconductor company’s stock valued at $1,504,000 after purchasing an additional 466 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TXN shares. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Finally, Evercore ISI raised their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

Texas Instruments stock traded up $1.37 during mid-day trading on Thursday, hitting $185.32. 5,838,456 shares of the company traded hands, compared to its average volume of 5,653,791. The stock has a market cap of $168.73 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The stock has a fifty day moving average price of $171.80 and a 200-day moving average price of $163.72.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued 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 2.81%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last ninety days. 0.68% of the stock is 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.