Howe & Rusling Inc. Sells 6,408 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Howe & Rusling Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 10.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,781 shares of the semiconductor company’s stock after selling 6,408 shares during the quarter. Howe & Rusling Inc.’s holdings in Texas Instruments were worth $8,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Salem Investment Counselors Inc. lifted its holdings in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 60 shares in the last quarter. Horan Securities Inc. lifted its holdings in Texas Instruments by 11.0% during the 2nd quarter. Horan Securities Inc. now owns 606 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 60 shares in the last quarter. Bollard Group LLC lifted its holdings in Texas Instruments by 4.6% during the 2nd quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Texas Instruments by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 61 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its holdings in Texas Instruments by 0.6% during the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, November 15th. Truist Financial reduced their price objective on Texas Instruments from $168.00 to $166.00 and set a “hold” rating on the stock in a research report on Friday, February 2nd. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $173.95.

Get Our Latest Report on TXN

Texas Instruments Stock Up 0.9 %

Shares of TXN traded up $1.44 on Thursday, reaching $160.21. The stock had a trading volume of 3,482,627 shares, compared to its average volume of 6,285,227. The firm has a market capitalization of $145.68 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 3.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The company has a 50-day simple moving average of $164.71 and a 200-day simple moving average of $161.64. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.37 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 3.25%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 73.65%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald Kirk sold 12,299 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $145.51, for a total value of $1,789,627.49. Following the transaction, the director now directly owns 13,637 shares in the company, valued at $1,984,319.87. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Texas Instruments Company Profile

(Free Report)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.

Further Reading

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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