Wealthspire Advisors LLC Has $1.28 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Wealthspire Advisors LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,570 shares of the semiconductor company’s stock after selling 1,090 shares during the quarter. Wealthspire Advisors LLC’s holdings in Texas Instruments were worth $1,278,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $31,000. Norwood Financial Corp bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Texas Instruments by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Up 2.0 %

Shares of TXN opened at $199.93 on Monday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The firm’s 50 day moving average is $200.69 and its 200-day moving average is $188.99. The stock has a market capitalization of $182.55 billion, a PE ratio of 31.19, a P/E/G ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Ratings Changes

TXN has been the subject of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Rosenblatt Securities raised their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Evercore ISI raised their price objective on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group boosted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $204.67.

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.