Courier Capital LLC Has $1.99 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Courier Capital LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,702 shares of the semiconductor company’s stock after selling 1,700 shares during the quarter. Courier Capital LLC’s holdings in Texas Instruments were worth $1,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Texas Instruments in the 4th quarter valued at $1,548,365,000. Moneta Group Investment Advisors LLC raised its position in Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock worth $1,381,785,000 after purchasing an additional 8,349,393 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Texas Instruments by 497.1% during the first quarter. Envestnet Asset Management Inc. now owns 7,377,079 shares of the semiconductor company’s stock worth $247,302,000 after purchasing an additional 6,141,556 shares during the period. Morgan Stanley boosted its holdings in Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after purchasing an additional 5,191,426 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Texas Instruments by 28.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock valued at $2,748,406,000 after purchasing an additional 3,655,383 shares during the period. 83.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total value of $1,890,064.26. Following the transaction, the director now owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the sale, the director now owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction on Monday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now directly owns 35,801 shares in the company, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on TXN shares. Mizuho lowered their price target on Texas Instruments from $185.00 to $181.00 in a research report on Wednesday, July 26th. Susquehanna upped their target price on shares of Texas Instruments from $205.00 to $215.00 in a report on Wednesday, July 26th. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $170.00 to $180.00 in a report on Wednesday, July 26th. Sanford C. Bernstein lowered shares of Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 price objective for the company. in a report on Wednesday, August 30th. Finally, Barclays boosted their target price on Texas Instruments from $165.00 to $175.00 in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $185.32.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $164.36 on Thursday. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69. Texas Instruments Incorporated has a 1-year low of $145.97 and a 1-year high of $188.12. The stock has a market capitalization of $149.23 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.40 and a beta of 1.03. The business has a 50-day moving average price of $172.84 and a two-hundred day moving average price of $173.33.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. Texas Instruments’s revenue for the quarter was down 13.1% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post 7.34 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $1.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 annualized dividend and a dividend yield of 3.02%. Texas Instruments’s dividend payout ratio is currently 59.62%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.