Argent Capital Management LLC Has $18.49 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Argent Capital Management LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,605 shares of the semiconductor company's stock after selling 2,344 shares during the period. Argent Capital Management LLC's holdings in Texas Instruments were worth $18,489,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cahill Financial Advisors Inc. grew its position in Texas Instruments by 3.5% in the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock valued at $298,000 after acquiring an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its holdings 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 purchasing an additional 50 shares in the last quarter. Lansing Street Advisors increased its stake in Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock worth $233,000 after buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock worth $1,030,000 after buying an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its position in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $10.14 during trading on Thursday, hitting $187.37. The stock had a trading volume of 7,443,453 shares, compared to its average volume of 5,302,721. The business has a fifty day moving average of $195.95 and a two-hundred day moving average of $199.74. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market cap of $170.92 billion, a P/E ratio of 34.83, a PEG ratio of 3.69 and a beta of 0.98. 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 - Get Free Report) last posted its quarterly earnings data 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.80 EPS. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America reduced their price target on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Susquehanna dropped their target price on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Evercore ISI lifted their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $209.71.

Texas Instruments 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.