Texas Instruments Incorporated (NASDAQ:TXN) Position Reduced by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,943 shares of the semiconductor company’s stock after selling 3,871 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Texas Instruments were worth $4,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Cahill Financial Advisors Inc. raised its position in Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 49 shares during the period. KCM Investment Advisors LLC grew its stake in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 50 shares in the last quarter. Lansing Street Advisors increased its holdings in shares of Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 51 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its holdings in shares of Texas Instruments by 2.9% during the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 52 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXN. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 target price on the stock. Bank of America lowered their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $210.05.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 0.1 %

TXN opened at $191.59 on Friday. The firm has a 50 day simple moving average of $202.13 and a 200 day simple moving average of $200.56. The company has a market cap of $174.77 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.84%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. 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.