Advisor Resource Council Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Advisor Resource Council trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,035 shares of the semiconductor company’s stock after selling 1,011 shares during the quarter. Advisor Resource Council’s holdings in Texas Instruments were worth $351,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Evergreen Capital Management LLC grew its position in shares of Texas Instruments by 6.5% in the third quarter. Evergreen Capital Management LLC now owns 9,233 shares of the semiconductor company’s stock valued at $1,468,000 after purchasing an additional 560 shares in the last quarter. KPP Advisory Services LLC acquired a new stake in shares of Texas Instruments in the 3rd quarter worth $650,000. Seven Eight Capital LP increased its stake in shares of Texas Instruments by 320.4% in the 3rd quarter. Seven Eight Capital LP now owns 31,310 shares of the semiconductor company’s stock worth $4,979,000 after acquiring an additional 23,863 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Texas Instruments by 5.5% during the 3rd quarter. Sei Investments Co. now owns 502,532 shares of the semiconductor company’s stock worth $79,910,000 after acquiring an additional 26,394 shares during the period. Finally, Scotia Capital Inc. boosted its position in shares of Texas Instruments by 3.1% during the 3rd quarter. Scotia Capital Inc. now owns 16,665 shares of the semiconductor company’s stock valued at $2,650,000 after acquiring an additional 506 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TXN shares. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Mizuho lifted their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $183.43.

Texas Instruments Stock Up 0.3 %

Shares of Texas Instruments stock opened at $198.94 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. The company has a market capitalization of $181.13 billion, a P/E ratio of 31.04, a P/E/G ratio of 4.31 and a beta of 0.99. The company has a 50 day moving average of $192.03 and a 200 day moving average of $175.93.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) 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 analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 EPS. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal 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 given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 over the last 90 days. 0.68% of the stock is owned by insiders.

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.