Asset Dedication LLC Sells 6,789 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Asset Dedication LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,739 shares of the semiconductor company’s stock after selling 6,789 shares during the quarter. Asset Dedication LLC’s holdings in Texas Instruments were worth $3,139,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new stake in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC grew its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at $41,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 3.5 %

Shares of Texas Instruments stock opened at $180.57 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $164.72 billion, a P/E ratio of 33.56, a P/E/G ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The stock’s 50-day simple moving average is $192.56 and its 200 day simple moving average is $199.19.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the firm posted $1.49 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The business 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 yield of 3.01%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is presently 101.12%.

Analyst Ratings Changes

Several analysts recently issued reports on TXN shares. Robert W. Baird reduced their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $209.20.

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.