Exencial Wealth Advisors LLC Has $2.63 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Exencial Wealth Advisors LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 6.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,423 shares of the semiconductor company’s stock after selling 1,026 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Texas Instruments were worth $2,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Vanguard Group Inc. raised its position in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares during the period. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares during the period. Finally, Northern Trust Corp increased its position in shares of Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.1 %

Shares of Texas Instruments stock opened at $196.24 on Friday. The stock has a market cap of $178.67 billion, a P/E ratio of 30.61, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The business’s 50 day moving average is $181.69 and its 200-day moving average is $170.70.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TXN shares. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. TD Cowen raised their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $175.00 in a research note on Monday, May 13th. Finally, Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $182.48.

View Our Latest Report on TXN

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,969 shares of company stock worth $58,427,984. Company insiders own 0.68% of the company’s stock.

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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