Texas Instruments Incorporated (NASDAQ:TXN) Holdings Reduced by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,860 shares of the semiconductor company’s stock after selling 1,580 shares during the period. Axxcess Wealth Management LLC’s holdings in Texas Instruments were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TXN. Promus Capital LLC bought a new stake in Texas Instruments during the 4th quarter valued at $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at about $28,000. Financial Life Planners acquired a new stake in Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Texas Instruments in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the 4th quarter valued at about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Down 0.3 %

NASDAQ:TXN opened at $179.45 on Wednesday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.39. The firm has a market capitalization of $163.28 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $188.11 and its 200 day moving average price is $195.82.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the business earned $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Barclays cut their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last ninety days. Corporate insiders own 0.57% 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.