Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,503 shares of the semiconductor company’s stock after selling 622 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Texas Instruments were worth $3,572,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Janiczek Wealth Management LLC lifted its holdings in shares of Texas Instruments by 10.3% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,159 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 202 shares in the last quarter. Exeter Financial LLC lifted its holdings in shares of Texas Instruments by 14.5% during the 1st quarter. Exeter Financial LLC now owns 18,275 shares of the semiconductor company’s stock valued at $3,080,000 after acquiring an additional 2,308 shares in the last quarter. Agate Pass Investment Management LLC increased its stake in Texas Instruments by 5.8% during the 1st quarter. Agate Pass Investment Management LLC now owns 10,940 shares of the semiconductor company’s stock worth $1,906,000 after buying an additional 596 shares during the period. Wealthcare Advisory Partners LLC increased its stake in Texas Instruments by 84.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,546 shares of the semiconductor company’s stock worth $1,140,000 after buying an additional 2,999 shares during the period. Finally, Matrix Asset Advisors Inc. NY increased its stake in Texas Instruments by 18.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 89,170 shares of the semiconductor company’s stock worth $15,534,000 after buying an additional 13,975 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction 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 sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Barclays boosted their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Finally, Evercore ISI boosted their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $183.43.

Read Our Latest Research Report on TXN

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $0.38 during midday trading on Thursday, reaching $193.48. The company’s stock had a trading volume of 2,203,714 shares, compared to its average volume of 5,536,532. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $176.16 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 4.21 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The company has a 50 day moving average price of $188.97 and a 200 day moving average price of $174.79.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings data 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. 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 quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

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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