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

Auxano Advisors LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,976 shares of the semiconductor company’s stock after selling 120 shares during the period. Auxano Advisors LLC’s holdings in Texas Instruments were worth $746,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the third quarter valued at approximately $202,000. Principal Securities Inc. boosted its stake in Texas Instruments by 14.8% during the 3rd quarter. Principal Securities Inc. now owns 14,462 shares of the semiconductor company’s stock valued at $2,987,000 after purchasing an additional 1,862 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in Texas Instruments by 16.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 1,578 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 225 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Texas Instruments by 11.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,688 shares of the semiconductor company’s stock valued at $2,002,000 after purchasing an additional 984 shares during the period. Finally, Optas LLC raised its stake in shares of Texas Instruments by 14.4% in the 3rd quarter. Optas LLC now owns 3,687 shares of the semiconductor company’s stock worth $762,000 after buying an additional 465 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TXN. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

TXN stock opened at $196.02 on Monday. The stock has a market cap of $178.44 billion, a P/E ratio of 37.77, a P/E/G ratio of 3.30 and a beta of 0.97. 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 firm has a 50 day simple moving average of $189.49 and a 200 day simple moving average of $197.70. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $1.49 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.