Elk River Wealth Management LLC Sells 96 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Elk River Wealth Management LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,160 shares of the semiconductor company’s stock after selling 96 shares during the period. Texas Instruments accounts for about 1.1% of Elk River Wealth Management LLC’s holdings, making the stock its 29th largest holding. Elk River Wealth Management LLC’s holdings in Texas Instruments were worth $6,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TXN. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in 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 worth $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the 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 completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ TXN opened at $196.32 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market capitalization of $178.72 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 3.02 and a beta of 0.97. The stock has a 50-day moving average of $187.99 and a 200 day moving average of $197.23. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.77%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Wall Street Analyst Weigh In

TXN has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $209.20.

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.