Granite Group Advisors LLC Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Granite Group Advisors LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,612 shares of the semiconductor company’s stock after selling 465 shares during the quarter. Texas Instruments makes up 1.5% of Granite Group Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Granite Group Advisors LLC’s holdings in Texas Instruments were worth $2,365,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the 3rd quarter valued at $28,000. Tsfg LLC boosted its holdings in 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 period. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new position in Texas Instruments in the 3rd quarter valued at $41,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TXN. Robert W. Baird cut their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday. Finally, Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the business’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 sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $185.52 on Monday. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company’s 50-day moving average is $193.38 and its 200 day moving average is $199.46. The stock has a market capitalization of $169.24 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the previous year, the company earned $1.49 EPS. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s payout ratio is currently 101.12%.

Texas Instruments Company Profile

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.