Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,860 shares of the semiconductor company's stock after selling 1,580 shares during the quarter. Axxcess Wealth Management LLC's holdings in Texas Instruments were worth $2,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Architects LLC increased its holdings in shares of Texas Instruments by 10.6% in the 4th quarter. Wealth Architects LLC now owns 2,516 shares of the semiconductor company's stock worth $472,000 after buying an additional 241 shares during the last quarter. SlateStone Wealth LLC boosted its position in Texas Instruments by 13.8% during the 4th quarter. SlateStone Wealth LLC now owns 21,313 shares of the semiconductor company's stock valued at $3,996,000 after buying an additional 2,589 shares during the period. First National Advisers LLC boosted its position in Texas Instruments by 2.4% during the 4th quarter. First National Advisers LLC now owns 14,291 shares of the semiconductor company's stock valued at $2,680,000 after buying an additional 332 shares during the period. GWN Securities Inc. bought a new position in Texas Instruments in the 4th quarter worth $508,000. Finally, Gallacher Capital Management LLC raised its holdings in Texas Instruments by 4.3% in the 4th quarter. Gallacher Capital Management LLC now owns 1,705 shares of the semiconductor company's stock worth $320,000 after purchasing an additional 70 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 0.9 %

NASDAQ TXN traded down $1.68 during trading hours on Friday, hitting $179.00. 11,789,596 shares of the company's stock were exchanged, compared to its average volume of 5,353,879. The business's 50 day moving average is $187.47 and its 200-day moving average is $195.37. The firm has a market capitalization of $162.88 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping 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. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $209.20.

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.