Schechter Investment Advisors LLC Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Schechter Investment Advisors LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,491 shares of the semiconductor company’s stock after selling 791 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Texas Instruments were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Annapolis Financial Services LLC raised its holdings in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments in the third quarter worth $25,000. Riverview Trust Co raised its holdings in Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new position in Texas Instruments in the fourth quarter worth $30,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments in the third quarter worth $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TXN. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Susquehanna dropped their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Finally, Mizuho dropped their price objective on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.89.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Trading Up 3.0 %

Texas Instruments stock opened at $172.87 on Thursday. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The firm’s 50 day moving average price is $166.42 and its 200-day moving average price is $160.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market cap of $157.32 billion, a P/E ratio of 24.49, a PEG ratio of 3.61 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The business’s revenue was down 12.7% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is presently 73.65%.

Texas Instruments 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.