Tradition Wealth Management LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Tradition Wealth Management LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,917 shares of the semiconductor company’s stock after selling 254 shares during the period. Tradition Wealth Management LLC’s holdings in Texas Instruments were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the 3rd quarter valued at about $28,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments in the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments during the 3rd quarter valued at $43,000. Finally, Darwin Wealth Management LLC bought a new stake in Texas Instruments in the third quarter worth $45,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Finally, Evercore ISI boosted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $210.05.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Texas Instruments Trading Up 0.9 %

NASDAQ TXN opened at $201.03 on Monday. The firm has a market cap of $183.38 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $204.29 and a 200 day moving average price of $200.89.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast 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 paid a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. Texas Instruments’s payout ratio is presently 101.12%.

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.