Robertson Stephens Wealth Management LLC Has $550,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Robertson Stephens Wealth Management LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,931 shares of the semiconductor company’s stock after selling 71 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Texas Instruments were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Benchmark Financial Wealth Advisors LLC increased its position in Texas Instruments by 10.0% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,916 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 174 shares in the last quarter. Tyche Wealth Partners LLC increased its position in Texas Instruments by 23.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 17,902 shares of the semiconductor company’s stock worth $3,357,000 after purchasing an additional 3,416 shares in the last quarter. Private Management Group Inc. increased its position in Texas Instruments by 13.1% during the 4th quarter. Private Management Group Inc. now owns 1,426 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 165 shares in the last quarter. Choreo LLC increased its position in Texas Instruments by 47.9% in the 4th quarter. Choreo LLC now owns 47,104 shares of the semiconductor company’s stock valued at $8,849,000 after acquiring an additional 15,260 shares during the period. Finally, Money Concepts Capital Corp increased its position in Texas Instruments by 2.5% in the 4th quarter. Money Concepts Capital Corp now owns 5,048 shares of the semiconductor company’s stock valued at $946,000 after acquiring an additional 125 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Down 1.8 %

Shares of NASDAQ TXN opened at $180.00 on Friday. The firm has a market cap of $164.20 billion, a PE ratio of 34.68, a P/E/G ratio of 2.94 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company’s fifty day simple moving average is $190.17 and its 200 day simple moving average is $198.22. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $1.49 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Wall Street Analyst Weigh In

TXN has been the subject of several recent research reports. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Truist Financial decreased their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.