Riverwater Partners LLC Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Riverwater Partners LLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,915 shares of the semiconductor company’s stock after selling 305 shares during the quarter. Riverwater Partners LLC’s holdings in Texas Instruments were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TXN. Norwood Financial Corp bought a new stake in Texas Instruments in the first quarter worth $32,000. Tsfg LLC grew its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 101 shares during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the 3rd quarter valued at about $43,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Texas Instruments during the first quarter worth $44,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Up 4.0 %

Shares of TXN opened at $201.74 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The company has a 50-day simple moving average of $203.43 and a 200-day simple moving average of $194.99. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The firm has a market capitalization of $184.20 billion, a P/E ratio of 37.50, a P/E/G ratio of 4.22 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 96.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TXN. The Goldman Sachs Group boosted their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $206.95.

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.