Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by RMR Wealth Builders

by · The Markets Daily

RMR Wealth Builders trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,525 shares of the semiconductor company’s stock after selling 489 shares during the quarter. RMR Wealth Builders’ holdings in Texas Instruments were worth $1,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC grew its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the 3rd quarter worth about $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments during the third quarter valued at about $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXN. Barclays decreased their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI increased their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Read Our Latest Stock Analysis on Texas Instruments

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $1.51 during mid-day trading on Friday, hitting $190.15. 7,223,431 shares of the stock were exchanged, compared to its average volume of 4,972,963. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm’s 50-day simple moving average is $197.03 and its 200 day simple moving average is $199.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $173.46 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN – Get Free Report) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 EPS. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Texas Instruments Company Profile

(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.

See Also

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