Exchange Traded Concepts LLC Sells 4,608 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Exchange Traded Concepts LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 75.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,527 shares of the semiconductor company’s stock after selling 4,608 shares during the period. Exchange Traded Concepts LLC’s holdings in Texas Instruments were worth $286,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TXN. CX Institutional raised its position in shares of Texas Instruments by 3.4% during the 4th quarter. CX Institutional now owns 3,601 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 120 shares during the period. Metropolis Capital Ltd raised its holdings in Texas Instruments by 18.5% during the fourth quarter. Metropolis Capital Ltd now owns 1,440,563 shares of the semiconductor company’s stock valued at $270,120,000 after acquiring an additional 224,691 shares during the period. Sound Income Strategies LLC lifted its position in shares of Texas Instruments by 18.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 281 shares in the last quarter. MFA Wealth Services bought a new position in shares of Texas Instruments in the fourth quarter worth about $284,000. Finally, McGlone Suttner Wealth Management Inc. grew its position in shares of Texas Instruments by 19.6% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 1,447 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley upped their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Barclays dropped their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $209.20.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Down 0.4 %

Shares of TXN opened at $184.61 on Friday. The company’s fifty day simple moving average is $191.95 and its 200-day simple moving average is $198.96. The company has a market cap of $168.40 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company posted $1.49 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

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.