Sanctuary Advisors LLC Sells 2,830 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sanctuary Advisors LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,840 shares of the semiconductor company's stock after selling 2,830 shares during the period. Sanctuary Advisors LLC's holdings in Texas Instruments were worth $31,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TXN. Cahill Financial Advisors Inc. lifted its stake in shares of Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock worth $298,000 after acquiring an additional 49 shares during the period. KCM Investment Advisors LLC lifted its position in shares of Texas Instruments by 1.4% in 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 stake in 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 buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC increased its stake 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 valued at $1,030,000 after buying an additional 52 shares during the period. Finally, ABLE Financial Group LLC increased its stake 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 period. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

TXN has been the topic of several analyst reports. Barclays dropped their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Mizuho reduced their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Bank of America dropped their target price on shares of Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $209.20.

Texas Instruments Stock Up 3.9 %

Shares of NASDAQ TXN traded up $7.64 during midday trading on Thursday, reaching $203.96. The company's stock had a trading volume of 9,187,820 shares, compared to its average volume of 6,462,083. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock has a market capitalization of $186.06 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 3.02 and a beta of 0.97. The stock has a 50 day simple moving average of $187.99 and a 200-day simple moving average of $197.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the business earned $1.49 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.67%. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company'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 value of $2,142,894.87. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

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.