Cynosure Group LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cynosure Group LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,014 shares of the semiconductor company’s stock after selling 486 shares during the period. Cynosure Group LLC’s holdings in Texas Instruments were worth $378,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TXN. Howard Capital Management Group LLC purchased a new stake in shares of Texas Instruments in the 3rd quarter worth about $202,000. Edgestream Partners L.P. bought a new position in Texas Instruments in the third quarter worth about $229,000. Atom Investors LP purchased a new stake in Texas Instruments in the third quarter worth about $344,000. Investment Management Corp of Ontario boosted its position in Texas Instruments by 48.6% during the 3rd quarter. Investment Management Corp of Ontario now owns 30,260 shares of the semiconductor company’s stock valued at $6,251,000 after acquiring an additional 9,900 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Texas Instruments by 29.0% during the 3rd quarter. IHT Wealth Management LLC now owns 17,619 shares of the semiconductor company’s stock worth $3,619,000 after acquiring an additional 3,963 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Up 0.1 %

Texas Instruments stock opened at $178.19 on Thursday. Texas Instruments Incorporated has a one year low of $159.11 and a one year high of $220.39. The business’s fifty day moving average is $185.47 and its 200 day moving average is $194.24. The stock has a market capitalization of $162.14 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 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 period last year, the firm earned $1.49 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TXN shares. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Barclays decreased their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling

In related 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 transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the 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 transaction, the director now owns 10,816 shares in the company, 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 sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. Company insiders own 0.57% 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.