Lantern Wealth Advisors LLC Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Lantern Wealth Advisors LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,724 shares of the semiconductor company’s stock after selling 176 shares during the period. Lantern Wealth Advisors LLC’s holdings in Texas Instruments were worth $511,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Charles Schwab Investment Management Inc. raised its stake in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock worth $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Invesco Ltd. boosted its position in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $295,665,000. Finally, Van ECK Associates Corp grew its position in Texas Instruments by 21.8% during the 4th quarter. Van ECK Associates Corp now owns 7,513,870 shares of the semiconductor company’s stock worth $1,408,925,000 after purchasing an additional 1,345,629 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was 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 in the company, valued at approximately $82,930,522.08. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 297,065 shares of company stock worth $59,734,685 over the last three months. 0.57% of the stock is owned by company insiders.

Texas Instruments Stock Down 0.1%

TXN stock opened at $188.34 on Tuesday. The business’s 50 day simple moving average is $167.54 and its 200 day simple moving average is $184.17. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The firm has a market capitalization of $171.10 billion, a PE ratio of 36.29, a PEG ratio of 3.30 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.

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, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Benchmark dropped 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. Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. UBS Group cut their price objective on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a report on Friday, April 25th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $189.41.

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.