Kestra Private Wealth Services LLC Sells 3,832 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Kestra Private Wealth Services LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 22.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,458 shares of the semiconductor company’s stock after selling 3,832 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Texas Instruments were worth $2,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. boosted its position in shares of Texas Instruments by 280.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 101 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the 4th quarter valued at $28,000. Rather & Kittrell Inc. bought a new position in shares of Texas Instruments in the 4th quarter valued at $30,000. Blume Capital Management Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter valued at $33,000. Finally, IAG Wealth Partners LLC grew its position in Texas Instruments by 62.0% during the 4th quarter. IAG Wealth Partners LLC now owns 196 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN opened at $162.67 on Friday. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The company has a market cap of $148.63 billion, a PE ratio of 17.80, a P/E/G ratio of 1.89 and a beta of 1.03. The stock has a 50-day moving average of $170.06 and a 200-day moving average of $169.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 5.09 and a quick ratio of 4.24.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The semiconductor company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.38. Texas Instruments had a return on equity of 64.02% and a net margin of 43.78%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.53 billion. On average, equities research analysts predict that Texas Instruments Incorporated will post 9.35 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st will be paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 3.05%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio (DPR) is currently 50.33%.

Texas Instruments announced that its board has authorized a share buyback program on Thursday, September 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXN. Deutsche Bank Aktiengesellschaft cut their price target on Texas Instruments from $175.00 to $160.00 in a research note on Wednesday, July 20th. Mizuho decreased their price target on shares of Texas Instruments from $175.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Citigroup lifted their price target on shares of Texas Instruments from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Benchmark began coverage on Texas Instruments in a report on Wednesday, June 29th. They issued a “buy” rating and a $205.00 price objective for the company. Finally, UBS Group cut their target price on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $182.19.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 12,299 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $176.64, for a total value of $2,172,495.36. Following the completion of the transaction, the director now owns 32,088 shares of the company’s stock, valued at approximately $5,668,024.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Pamela H. Patsley sold 12,299 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $176.64, for a total transaction of $2,172,495.36. Following the completion of the sale, the director now directly owns 32,088 shares in the company, valued at approximately $5,668,024.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark T. Roberts sold 2,048 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $177.50, for a total value of $363,520.00. Following the completion of the sale, the vice president now owns 28,475 shares of the company’s stock, valued at approximately $5,054,312.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,415 shares of company stock valued at $10,241,311. Corporate insiders own 0.54% of the company’s stock.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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