Exencial Wealth Advisors LLC Sells 3,822 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

by · The Cerbat Gem

Exencial Wealth Advisors LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 18.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,449 shares of the semiconductor company’s stock after selling 3,822 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Texas Instruments were worth $2,616,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Annapolis Financial Services LLC grew its position in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $25,000. Riverview Trust Co grew its position in shares of Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $30,000. Finally, AMH Equity Ltd acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $32,000. 83.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Truist Financial reduced their price target on Texas Instruments from $168.00 to $166.00 and set a “hold” rating for the company in a research report on Friday. Benchmark reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, November 15th. Susquehanna reduced their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on Texas Instruments from $200.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Finally, Mizuho reduced their price target on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $173.95.

View Our Latest Analysis on Texas Instruments

Texas Instruments Stock Down 0.3 %

TXN opened at $159.20 on Friday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $188.12. The stock’s fifty day simple moving average is $164.37 and its 200 day simple moving average is $162.29. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The stock has a market cap of $144.59 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 3.30 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.37 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 73.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Instruments news, Director Ronald Kirk sold 12,299 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $145.51, for a total value of $1,789,627.49. Following the transaction, the director now directly owns 13,637 shares of the company’s stock, valued at approximately $1,984,319.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Instruments Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).