Prime Capital Investment Advisors LLC Sells 2,795 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Prime Capital Investment Advisors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,048 shares of the semiconductor company's stock after selling 2,795 shares during the period. Prime Capital Investment Advisors LLC's holdings in Texas Instruments were worth $3,728,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Investment Advisory Services Inc. TX ADV boosted its position in shares of Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock worth $612,000 after purchasing an additional 51 shares in the last quarter. Lansing Street Advisors grew its position in Texas Instruments by 4.7% during the third 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 increased its holdings in Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after buying an additional 52 shares in the last quarter. ABLE Financial Group LLC lifted its position in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 52 shares during the period. Finally, Verity Asset Management Inc. grew its holdings in shares of Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company's stock worth $843,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TXN shares. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, July 24th. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Susquehanna decreased their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a report on Monday, October 21st. Bank of America lowered their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays dropped their price target on Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $206.95.

Texas Instruments Trading Up 0.3 %

NASDAQ TXN traded up $0.54 on Thursday, reaching $206.26. The company had a trading volume of 2,279,489 shares, compared to its average volume of 5,491,218. The business has a 50 day moving average of $204.23 and a two-hundred day moving average of $199.26. Texas Instruments Incorporated has a fifty-two week low of $150.15 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. The firm has a market cap of $188.15 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 4.65 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. The company 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 revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.64%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is currently 101.12%.

Insider Activity

In related news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company's stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Shanon J. Leonard sold 2,816 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company's stock, valued at $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $5,341,235 over the last ninety days. Company insiders own 0.68% of the company's stock.

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.