EverSource Wealth Advisors LLC Sells 65 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

EverSource Wealth Advisors LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,044 shares of the semiconductor company’s stock after selling 65 shares during the period. EverSource Wealth Advisors LLC’s holdings in Texas Instruments were worth $824,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC lifted its holdings in shares of Texas Instruments by 48.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,711 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 1,870 shares during the period. Congress Wealth Management LLC DE lifted its stake in Texas Instruments by 177.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,542 shares of the semiconductor company’s stock worth $1,456,000 after purchasing an additional 5,459 shares during the last quarter. Cape Investment Advisory Inc. lifted its stake in Texas Instruments by 30.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 903 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 212 shares during the last quarter. Hilltop Holdings Inc. boosted its holdings in shares of Texas Instruments by 9.4% in the 4th quarter. Hilltop Holdings Inc. now owns 12,293 shares of the semiconductor company’s stock valued at $2,095,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of Texas Instruments in the 4th quarter valued at $89,913,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $203.85 on Tuesday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a market cap of $185.60 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 4.31 and a beta of 0.99. The company’s fifty day simple moving average is $200.82 and its 200 day simple moving average is $190.31. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue was down 15.6% compared to the same quarter last year. On average, analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analyst Ratings Changes

A number of research firms have issued reports on TXN. Stifel Nicolaus lifted their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Evercore ISI lifted their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial decreased their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Finally, Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $204.67.

Insider Buying and Selling

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last ninety days. 0.68% of the stock is owned by corporate insiders.

Texas Instruments 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.