GPS Wealth Strategies Group LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

GPS Wealth Strategies Group LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 11.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,392 shares of the semiconductor company’s stock after selling 179 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Texas Instruments were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centaurus Financial Inc. boosted its position in shares of Texas Instruments by 10.5% during the second quarter. Centaurus Financial Inc. now owns 2,537 shares of the semiconductor company’s stock valued at $494,000 after purchasing an additional 241 shares in the last quarter. Czech National Bank lifted its position in Texas Instruments by 7.2% during the third quarter. Czech National Bank now owns 185,997 shares of the semiconductor company’s stock valued at $38,421,000 after buying an additional 12,496 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Texas Instruments by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 15,519 shares of the semiconductor company’s stock valued at $3,206,000 after buying an additional 2,532 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Texas Instruments by 1.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 12,586 shares of the semiconductor company’s stock worth $2,600,000 after buying an additional 188 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Texas Instruments by 30.3% in the 3rd quarter. Diversified Trust Co now owns 8,746 shares of the semiconductor company’s stock worth $1,807,000 after acquiring an additional 2,033 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 0.4 %

Shares of TXN stock opened at $184.61 on Monday. The stock has a market capitalization of $168.40 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.94 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $191.69 and its 200 day moving average is $198.78. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38.

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

Texas Instruments Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on TXN shares. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $209.20.

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.