Global Retirement Partners LLC Sells 4,486 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Global Retirement Partners LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 28.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,239 shares of the semiconductor company’s stock after selling 4,486 shares during the quarter. Global Retirement Partners LLC’s holdings in Texas Instruments were worth $2,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Westend Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter worth approximately $31,000. Norwood Financial Corp purchased a new position in shares of Texas Instruments during the 1st quarter valued at $32,000. Tsfg LLC increased its holdings in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Tradewinds Capital Management LLC raised its position in shares of Texas Instruments by 71.1% in the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Texas Instruments during the first quarter valued at $44,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TXN shares. Robert W. Baird boosted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $207.15.

Texas Instruments Trading Up 0.1 %

Shares of TXN stock opened at $198.47 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $180.70 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 4.54 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The stock’s 50-day moving average price is $203.30 and its 200-day moving average price is $194.22.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the prior year, the firm earned $1.87 EPS. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal 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 paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.74%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 84.87%.

Insider Transactions at Texas Instruments

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 transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is currently owned by company 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.