Bleakley Financial Group LLC Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Bleakley Financial Group LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,390 shares of the semiconductor company’s stock after selling 533 shares during the quarter. Bleakley Financial Group LLC’s holdings in Texas Instruments were worth $3,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXN. Atomi Financial Group Inc. raised its holdings in Texas Instruments by 14.8% in the third quarter. Atomi Financial Group Inc. now owns 3,648 shares of the semiconductor company’s stock valued at $754,000 after buying an additional 470 shares during the period. Brookstone Capital Management raised its stake in shares of Texas Instruments by 0.4% in the 3rd quarter. Brookstone Capital Management now owns 17,569 shares of the semiconductor company’s stock valued at $3,629,000 after acquiring an additional 67 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of Texas Instruments by 8.6% in the 3rd quarter. Daymark Wealth Partners LLC now owns 9,408 shares of the semiconductor company’s stock valued at $1,943,000 after acquiring an additional 744 shares during the period. CWM LLC lifted its holdings in shares of Texas Instruments by 2.2% during the 3rd quarter. CWM LLC now owns 72,450 shares of the semiconductor company’s stock valued at $14,966,000 after acquiring an additional 1,541 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in Texas Instruments by 12.6% during the 3rd quarter. Wedmont Private Capital now owns 6,101 shares of the semiconductor company’s stock worth $1,228,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Up 0.9 %

Shares of NASDAQ TXN opened at $183.28 on Friday. The company has a market cap of $167.19 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. The stock’s 50 day simple moving average is $190.49 and its 200 day simple moving average is $198.32. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. 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 quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI boosted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Barclays lowered their price objective on shares of 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. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $209.20.

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.