Beaird Harris Wealth Management LLC Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beaird Harris Wealth Management LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,533 shares of the semiconductor company’s stock after selling 870 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Texas Instruments were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Texas Instruments by 51.6% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,467 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,200 shares during the last quarter. Swedbank AB lifted its holdings in shares of Texas Instruments by 42.9% during the 2nd quarter. Swedbank AB now owns 247,328 shares of the semiconductor company’s stock valued at $48,113,000 after buying an additional 74,277 shares during the period. Fiduciary Financial Group LLC bought a new position in shares of Texas Instruments during the 2nd quarter valued at $291,000. Miracle Mile Advisors LLC boosted its stake in shares of Texas Instruments by 7.3% in the 2nd quarter. Miracle Mile Advisors LLC now owns 8,647 shares of the semiconductor company’s stock worth $1,682,000 after buying an additional 591 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in shares of Texas Instruments by 2.5% in the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares during the period. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Texas Instruments

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

Texas Instruments Trading Up 0.0 %

TXN stock opened at $191.71 on Friday. The firm has a fifty day moving average price of $202.35 and a 200 day moving average price of $200.61. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm has a market cap of $174.88 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is presently 101.12%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXN shares. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Robert W. Baird dropped their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI lifted their price target 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. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.05.

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.