FSB Premier Wealth Management Inc. Sells 251 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

FSB Premier Wealth Management Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,426 shares of the semiconductor company’s stock after selling 251 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Texas Instruments were worth $666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at $26,000. Westend Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at $31,000. Finally, Norwood Financial Corp purchased a new stake in Texas Instruments during the 1st quarter valued at $32,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN opened at $201.83 on Wednesday. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The business’s fifty day simple moving average is $200.06 and its 200-day simple moving average is $186.92. The company has a market capitalization of $183.76 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 4.66 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company earned $1.87 earnings per share. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Wall Street Analyst Weigh In

TXN has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Robert W. Baird increased their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley increased their target price on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $204.67.

Insider Activity at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by corporate insiders.

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.