First Dallas Securities Inc. Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

First Dallas Securities Inc. reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,607 shares of the semiconductor company’s stock after selling 99 shares during the period. First Dallas Securities Inc.’s holdings in Texas Instruments were worth $280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the fourth quarter worth about $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $31,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $71,009,121.33. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 in the last 90 days. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

NASDAQ TXN opened at $194.53 on Friday. The company has a fifty day moving average of $190.26 and a two-hundred day moving average of $175.28. 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 Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00. The company has a market capitalization of $177.12 billion, a PE ratio of 30.35, a P/E/G ratio of 4.21 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating 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 business’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Citigroup increased their price objective on Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Evercore ISI boosted their target price on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Cantor Fitzgerald lifted their price objective on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $183.43.

Texas Instruments 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.