Atlas Capital Advisors LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Atlas Capital Advisors LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 96.1% in the 1st quarter, HoldingsChannel reports. The fund owned 462 shares of the semiconductor company’s stock after selling 11,400 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Texas Instruments were worth $80,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TXN. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth approximately $1,649,592,000. Morgan Stanley lifted its holdings in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the period. California Public Employees Retirement System lifted its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Barclays raised their target price on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Cantor Fitzgerald raised their target price on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Wells Fargo & Company started coverage on Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Finally, Truist Financial raised their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Stock Down 0.7 %

TXN stock opened at $193.10 on Thursday. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $206.00. The business has a fifty day moving average price of $188.42 and a 200-day moving average price of $174.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock has a market capitalization of $175.81 billion, a P/E ratio of 30.12, a P/E/G ratio of 4.21 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by insiders.

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.