Shufro Rose & Co. LLC Decreases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Shufro Rose & Co. LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 146,939 shares of the semiconductor company’s stock after selling 699 shares during the quarter. Texas Instruments comprises approximately 2.1% of Shufro Rose & Co. LLC’s holdings, making the stock its 15th largest holding. Shufro Rose & Co. LLC’s holdings in Texas Instruments were worth $23,365,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TXN. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new position in Texas Instruments in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Trading Up 1.3 %

Shares of TXN stock traded up $2.23 during mid-day trading on Friday, hitting $177.48. The company’s stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The company’s fifty day simple moving average is $169.29 and its 200-day simple moving average is $162.25. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The company has a market cap of $161.59 billion, a PE ratio of 27.69, a P/E/G ratio of 3.79 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $1.85 EPS. The business’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TXN shares. KeyCorp raised their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Truist Financial lifted their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Finally, Robert W. Baird raised their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $180.74.

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.