Avidian Wealth Solutions LLC Sells 107 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Avidian Wealth Solutions LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,050 shares of the semiconductor company’s stock after selling 107 shares during the period. Avidian Wealth Solutions LLC’s holdings in Texas Instruments were worth $1,202,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Pointe Capital Management LLC increased its position in shares of Texas Instruments by 7.0% during the fourth quarter. Pointe Capital Management LLC now owns 4,386 shares of the semiconductor company’s stock valued at $748,000 after acquiring an additional 288 shares in the last quarter. TCG Advisory Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $304,000. AJOVista LLC bought a new stake in Texas Instruments in the 4th quarter worth about $123,000. Provence Wealth Management Group raised its position in Texas Instruments by 42.8% in the 4th quarter. Provence Wealth Management Group now owns 2,096 shares of the semiconductor company’s stock worth $357,000 after buying an additional 628 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $29,843,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $3.11 during mid-day trading on Friday, reaching $178.91. The company’s stock had a trading volume of 4,545,090 shares, compared to its average volume of 6,059,944. The stock has a fifty day moving average of $170.68 and a two-hundred day moving average of $163.12. The firm has a market capitalization of $162.89 billion, a PE ratio of 27.91, a P/E/G ratio of 3.81 and a beta of 1.01. 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 current ratio of 4.91 and a quick ratio of 3.76.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group upgraded shares of 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. Susquehanna lifted their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $180.74.

Insider Activity

In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders sold a total of 228,529 shares of company stock worth $40,502,458 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

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.