Heritage Wealth Advisors Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Heritage Wealth Advisors decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,510 shares of the semiconductor company’s stock after selling 79 shares during the quarter. Heritage Wealth Advisors’ holdings in Texas Instruments were worth $658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. grew its holdings in shares of Texas Instruments by 6.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 7,491 shares of the semiconductor company’s stock worth $1,405,000 after purchasing an additional 425 shares during the last quarter. Ipsen Advisor Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $652,000. Florida Financial Advisors LLC grew its stake in Texas Instruments by 2.5% during the 4th quarter. Florida Financial Advisors LLC now owns 5,032 shares of the semiconductor company’s stock worth $944,000 after buying an additional 121 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Texas Instruments by 1.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 99,415 shares of the semiconductor company’s stock worth $18,641,000 after buying an additional 1,468 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its stake in Texas Instruments by 3.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock valued at $327,000 after buying an additional 62 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 0.8 %

NASDAQ:TXN opened at $183.97 on Wednesday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $187.16 and a 200-day simple moving average of $195.06. The company has a market capitalization of $167.40 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the previous year, the company earned $1.49 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.96%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of recent research reports. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $209.20.

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.