Pathstone Holdings LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Pathstone Holdings LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,580 shares of the semiconductor company’s stock after selling 1,369 shares during the period. Pathstone Holdings LLC’s holdings in Texas Instruments were worth $21,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group boosted its stake in shares of Texas Instruments by 15.0% in the fourth quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company’s stock worth $281,000 after acquiring an additional 195 shares during the last quarter. Wynn Capital LLC lifted its stake in shares of Texas Instruments by 2.8% in the fourth quarter. Wynn Capital LLC now owns 5,300 shares of the semiconductor company’s stock worth $994,000 after buying an additional 146 shares in the last quarter. Pines Wealth Management LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth about $430,000. CCLA Investment Management lifted its stake in shares of Texas Instruments by 4.3% in the fourth quarter. CCLA Investment Management now owns 538,880 shares of the semiconductor company’s stock worth $101,045,000 after buying an additional 22,302 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Texas Instruments by 8.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 23,885 shares of the semiconductor company’s stock worth $4,479,000 after buying an additional 1,870 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $202.68, for a total value of $19,659,960.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 in the last ninety days. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. KeyCorp reduced their price objective on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a research report on Friday, April 25th. Mizuho set a $170.00 price objective on Texas Instruments in a research report on Thursday, April 24th. Finally, TD Securities reiterated a “hold” rating and set a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $189.41.

Texas Instruments Price Performance

Texas Instruments stock opened at $187.34 on Thursday. The company’s 50 day simple moving average is $167.04 and its 200-day simple moving average is $184.86. The company has a market capitalization of $170.19 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. As a group, equities research 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 announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is currently 103.23%.

Texas Instruments 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.