Allworth Financial LP Sells 4,040 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Allworth Financial LP trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 126,177 shares of the semiconductor company's stock after selling 4,040 shares during the quarter. Allworth Financial LP's holdings in Texas Instruments were worth $24,863,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in Texas Instruments by 7.1% during the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company's stock worth $43,590,000 after acquiring an additional 13,972 shares during the period. Good Life Advisors LLC bought a new stake in shares of Texas Instruments in the 3rd quarter worth approximately $408,000. Bleakley Financial Group LLC lifted its stake in Texas Instruments by 0.9% during the third quarter. Bleakley Financial Group LLC now owns 17,923 shares of the semiconductor company's stock valued at $3,702,000 after purchasing an additional 160 shares during the last quarter. Howard Capital Management Group LLC bought a new stake in Texas Instruments during the third quarter worth approximately $202,000. Finally, Aspiriant LLC grew its position in Texas Instruments by 16.4% in the third quarter. Aspiriant LLC now owns 1,419 shares of the semiconductor company's stock worth $293,000 after buying an additional 200 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 5.3 %

Shares of TXN traded up $9.86 during mid-day trading on Wednesday, hitting $196.32. 8,435,171 shares of the company's stock were exchanged, compared to its average volume of 6,376,803. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The firm has a fifty day moving average of $187.90 and a two-hundred day moving average of $197.23. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market cap of $179.09 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 2.96 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data 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 28.08% and a net margin of 30.68%. During the same period in the prior year, the business posted $1.49 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.77%. Texas Instruments's payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction 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 transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction on 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 sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Benchmark reissued a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Morgan Stanley upped 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.