Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Wealthstar Advisors LLC

Wealthstar Advisors LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,983 shares of the semiconductor company’s stock after selling 1,925 shares during the period. Texas Instruments accounts for approximately 3.3% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Wealthstar Advisors LLC’s holdings in Texas Instruments were worth $9,579,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Westend Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter worth approximately $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Texas Instruments stock traded up $0.52 during mid-day trading on Thursday, reaching $198.94. The company’s stock had a trading volume of 2,454,756 shares, compared to its average volume of 4,417,241. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The company has a market capitalization of $181.13 billion, a P/E ratio of 31.04, a PEG ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm’s fifty day moving average price is $192.03 and its two-hundred day moving average price is $175.93.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business earned $1.85 EPS. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TXN shares. Mizuho lifted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Jefferies Financial Group cut shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their target price for the stock from $200.00 to $175.00 in a research report on Monday, May 13th. Truist Financial lifted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI lifted 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 analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.43.

Insider Activity

In other news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 in the last three months. Corporate insiders own 0.68% of the company’s stock.

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.