WealthPLAN Partners LLC Sells 5,650 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

WealthPLAN Partners LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,213 shares of the semiconductor company's stock after selling 5,650 shares during the quarter. WealthPLAN Partners LLC's holdings in Texas Instruments were worth $4,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TXN. Skandinaviska Enskilda Banken AB publ grew its holdings in 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 worth $45,535,000 after acquiring an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Texas Instruments by 60.2% in 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Texas Instruments by 454.5% in the 2nd 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 last quarter. GAMMA Investing LLC lifted its holdings in Texas Instruments by 106.4% during the 2nd quarter. GAMMA Investing LLC now owns 12,987 shares of the semiconductor company's stock worth $2,526,000 after buying an additional 6,696 shares in the last quarter. Finally, Philip James Wealth Mangement LLC boosted its position in Texas Instruments by 335.5% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company's stock valued at $1,074,000 after buying an additional 4,006 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 1.6 %

Shares of TXN stock traded down $3.41 on Tuesday, hitting $212.46. 883,260 shares of the stock were exchanged, compared to its average volume of 5,476,027. The business has a 50-day moving average of $203.98 and a 200 day moving average of $198.97. Texas Instruments Incorporated has a fifty-two week low of $145.19 and a fifty-two week high of $220.38. The firm has a market capitalization of $193.81 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the business posted $1.80 EPS. The company's quarterly revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Insider Transactions at Texas Instruments

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

Analyst Ratings Changes

TXN has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Truist Financial dropped their price target on shares of Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Finally, Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $206.95.

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.