B. Riley Wealth Advisors Inc. Sells 3,871 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

B. Riley Wealth Advisors Inc. cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TXN. Skandinaviska Enskilda Banken AB publ raised its position in shares of Texas Instruments by 4.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company's stock valued at $45,535,000 after acquiring an additional 9,608 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Texas Instruments by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company's stock valued at $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the period. Townsquare Capital LLC lifted its position in shares of Texas Instruments by 5.9% in the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company's stock worth $19,353,000 after buying an additional 5,201 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Texas Instruments by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company's stock valued at $558,255,000 after buying an additional 8,100 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXN. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays decreased their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Benchmark reaffirmed a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Robert W. Baird decreased their price target on Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Two 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $210.05.

Texas Instruments Stock Down 0.1 %

Shares of TXN traded down $0.12 during midday trading on Friday, reaching $191.59. 4,773,138 shares of the stock were exchanged, compared to its average volume of 5,791,412. The company has a market cap of $174.77 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 4.19 and a beta of 0.97. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The firm has a 50 day simple moving average of $202.13 and a 200-day simple moving average of $200.56.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the prior year, the company posted $1.80 earnings per share. Texas Instruments's revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.84%. Texas Instruments's payout ratio is presently 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the company'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 completion of the transaction, the director now owns 14,323 shares of the company's stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business'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 sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

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.