Everhart Financial Group Inc. Sells 2,164 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Everhart Financial Group Inc. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,735 shares of the semiconductor company's stock after selling 2,164 shares during the quarter. Everhart Financial Group Inc.'s holdings in Texas Instruments were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXN. Creative Planning grew its stake in shares of Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company's stock worth $43,590,000 after acquiring an additional 13,972 shares during the period. Good Life Advisors LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at $408,000. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the third quarter worth $202,000. Stratos Wealth Partners LTD. grew its stake in shares of Texas Instruments by 9.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 46,354 shares of the semiconductor company's stock valued at $9,575,000 after purchasing an additional 4,000 shares during the period. Finally, Moss Adams Wealth Advisors LLC grew its position in Texas Instruments by 18.6% during the third quarter. Moss Adams Wealth Advisors LLC now owns 1,607 shares of the semiconductor company's stock valued at $332,000 after buying an additional 252 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TXN shares. Bank of America cut 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. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $209.20.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Trading Up 3.9 %

NASDAQ TXN traded up $7.64 during trading hours on Thursday, hitting $203.96. 9,187,820 shares of the company were exchanged, compared to its average volume of 6,462,083. The stock has a market cap of $186.06 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The stock has a 50-day moving average price of $187.99 and a 200 day moving average price of $197.23. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $1.49 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.67%. Texas Instruments's dividend payout ratio is presently 104.82%.

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.