Shulman DeMeo Asset Management LLC Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Shulman DeMeo Asset Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,282 shares of the semiconductor company’s stock after selling 336 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in Texas Instruments were worth $615,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TXN. JGP Wealth Management LLC increased its position in Texas Instruments by 1.1% in the fourth quarter. JGP Wealth Management LLC now owns 15,719 shares of the semiconductor company’s stock worth $2,947,000 after buying an additional 172 shares in the last quarter. Carnegie Investment Counsel raised its stake in Texas Instruments by 253.1% during the 4th quarter. Carnegie Investment Counsel now owns 5,399 shares of the semiconductor company’s stock worth $1,012,000 after acquiring an additional 3,870 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Texas Instruments by 49.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,580 shares of the semiconductor company’s stock worth $3,296,000 after purchasing an additional 5,791 shares during the period. Heritage Family Offices LLP raised its position in shares of Texas Instruments by 3.6% during the 4th quarter. Heritage Family Offices LLP now owns 6,974 shares of the semiconductor company’s stock valued at $1,308,000 after purchasing an additional 245 shares during the period. Finally, Flywheel Private Wealth LLC purchased a new stake in Texas Instruments in the 4th quarter worth $301,000. 84.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TXN. Barclays reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Robert W. Baird reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $209.71.

Texas Instruments Stock Performance

Shares of TXN stock opened at $187.37 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $170.92 billion, a P/E ratio of 34.83, a P/E/G ratio of 3.69 and a beta of 0.98. The business’s 50 day moving average is $195.95 and its two-hundred day moving average is $199.74. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business earned $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.90%. Texas Instruments’s payout ratio is currently 101.12%.

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.