Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by 44 Wealth Management LLC

by · The Cerbat Gem

44 Wealth Management LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,690 shares of the semiconductor company’s stock after selling 369 shares during the period. 44 Wealth Management LLC’s holdings in Texas Instruments were worth $2,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Avantax Planning Partners Inc. lifted its holdings in Texas Instruments by 3.2% in the 1st quarter. Avantax Planning Partners Inc. now owns 48,091 shares of the semiconductor company’s stock valued at $8,642,000 after purchasing an additional 1,474 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Texas Instruments by 6.8% in the first quarter. Silver Oak Securities Incorporated now owns 1,718 shares of the semiconductor company’s stock valued at $303,000 after buying an additional 110 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of Texas Instruments by 1.0% during the first quarter. Calamos Advisors LLC now owns 117,072 shares of the semiconductor company’s stock valued at $21,038,000 after buying an additional 1,167 shares during the period. Checchi Capital Advisers LLC boosted its position in Texas Instruments by 3.3% during the first quarter. Checchi Capital Advisers LLC now owns 11,379 shares of the semiconductor company’s stock worth $2,045,000 after acquiring an additional 365 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in Texas Instruments by 1.4% during the first quarter. D.A. Davidson & CO. now owns 25,142 shares of the semiconductor company’s stock worth $4,518,000 after acquiring an additional 337 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TXN shares. Cowen reiterated a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. Mizuho set a $170.00 target price on Texas Instruments in a research report on Thursday, April 24th. KeyCorp cut their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley restated an “underweight” rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Arete Research raised Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $191.49.

View Our Latest Analysis on Texas Instruments

Texas Instruments Price Performance

TXN opened at $215.57 on Friday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market cap of $195.83 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 3.51 and a beta of 1.03. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $187.43 and a 200 day simple moving average of $183.10.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. Equities research analysts expect 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, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.52%. Texas Instruments’s dividend payout ratio is presently 103.23%.

About Texas Instruments

(Free Report)

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.

Read More

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).