Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,454 shares of the semiconductor company’s stock after selling 333 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Texas Instruments were worth $3,273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,065 shares of company stock worth $59,734,685. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN opened at $188.50 on Friday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market cap of $171.25 billion, a PE ratio of 36.32, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm’s 50 day moving average price is $167.29 and its 200 day moving average price is $184.58.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Texas Instruments’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Analyst Ratings Changes

A number of analysts recently commented on TXN shares. Stifel Nicolaus decreased their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Cantor Fitzgerald decreased their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $189.41.

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.