Great Valley Advisor Group Inc. Sells 5,856 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Great Valley Advisor Group Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 73.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,083 shares of the semiconductor company’s stock after selling 5,856 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Texas Instruments were worth $355,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. AXQ Capital LP grew its stake in Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after acquiring an additional 155 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 2,397 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $222,000. Finally, Salem Investment Counselors Inc. grew its stake in shares of Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $178.91 on Monday. The company has a fifty day moving average price of $170.68 and a two-hundred day moving average price of $163.12. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The stock has a market cap of $162.89 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $71,009,121.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 228,529 shares of company stock worth $40,502,458 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Finally, UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $180.74.

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.