First Foundation Advisors Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Foundation Advisors cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,254 shares of the semiconductor company’s stock after selling 3,759 shares during the period. First Foundation Advisors’ holdings in Texas Instruments were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC acquired a new stake in Texas Instruments in the third quarter valued at approximately $202,000. Continuum Advisory LLC grew its stake in shares of Texas Instruments by 4.2% during the third quarter. Continuum Advisory LLC now owns 2,331 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 94 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in Texas Instruments in the third quarter valued at $211,000. Empire Financial Management Company LLC raised its stake in Texas Instruments by 2.4% in the third quarter. Empire Financial Management Company LLC now owns 12,296 shares of the semiconductor company’s stock valued at $2,540,000 after buying an additional 292 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Texas Instruments by 27.2% during the third quarter. Toronto Dominion Bank now owns 566,362 shares of the semiconductor company’s stock worth $116,993,000 after purchasing an additional 121,087 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Monday. Finally, Truist Financial cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $161.50 on Thursday. Texas Instruments Incorporated has a 52 week low of $143.31 and a 52 week high of $220.39. The stock’s fifty day moving average is $181.41 and its two-hundred day moving average is $192.10. The company has a market capitalization of $146.95 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. 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 posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 period last year, the company posted $1.49 earnings per share. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insider Activity

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company’s 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 directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Insiders own 0.57% of the company’s stock.

About Texas Instruments

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.