Hexagon Capital Partners LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Hexagon Capital Partners LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% during the 1st quarter, HoldingsChannel reports. The firm owned 1,898 shares of the semiconductor company’s stock after selling 153 shares during the period. Hexagon Capital Partners LLC’s holdings in Texas Instruments were worth $331,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Richardson Financial Services Inc. purchased a new position in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments during the fourth quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TXN shares. Truist Financial raised their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Benchmark raised their price objective on Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $175.00 in a report on Monday, May 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $183.43.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on 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 transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Price Performance

TXN stock opened at $194.60 on Tuesday. The business’s 50-day moving average is $190.26 and its two-hundred day moving average is $175.38. 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 firm has a market capitalization of $177.18 billion, a P/E ratio of 30.36, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $206.00.

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

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

About Texas Instruments

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.