Stratos Wealth Advisors LLC Has $227,000 Holdings in Texas Instruments Incorporated $TXN

Stratos Wealth Advisors LLC reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092 shares of the semiconductor company’s stock after selling 174 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Texas Instruments were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new position in Texas Instruments in the 1st quarter worth approximately $32,000. CBIZ Investment Advisory Services LLC raised its position in Texas Instruments by 67.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 75 shares during the last quarter. Peoples Financial Services CORP. bought a new position in Texas Instruments in the 2nd quarter worth approximately $42,000. Finally, N.E.W. Advisory Services LLC bought a new position in Texas Instruments in the 1st quarter worth approximately $42,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $179.59 on Tuesday. The firm has a fifty day moving average of $187.17 and a two-hundred day moving average of $185.96. The stock has a market capitalization of $163.27 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.99 and a beta of 1.01. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $1.42 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is currently 99.63%.

Insider Activity at Texas Instruments

In related news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a “buy” rating and a $255.00 price objective for the company. Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research report on Monday, July 28th. Truist Financial boosted their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a research report on Wednesday, July 23rd. Cowen restated a “hold” rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Finally, Arete Research upgraded shares of Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $209.47.

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.