Main Management ETF Advisors LLC Sells 1,088 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Main Management ETF Advisors LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,104 shares of the semiconductor company’s stock after selling 1,088 shares during the period. Main Management ETF Advisors LLC’s holdings in Texas Instruments were worth $2,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Aprio Wealth Management LLC boosted its position in Texas Instruments by 5.6% during the 4th quarter. Aprio Wealth Management LLC now owns 1,919 shares of the semiconductor company’s stock worth $360,000 after acquiring an additional 102 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Texas Instruments by 0.9% in the 4th quarter. Capital Investment Advisors LLC now owns 12,313 shares of the semiconductor company’s stock valued at $2,309,000 after buying an additional 112 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Texas Instruments by 1.5% during the 4th quarter. Moody National Bank Trust Division now owns 8,125 shares of the semiconductor company’s stock worth $1,524,000 after buying an additional 117 shares during the last quarter. Cooper Financial Group grew its holdings in shares of Texas Instruments by 15.0% in the 4th quarter. Cooper Financial Group now owns 1,496 shares of the semiconductor company’s stock valued at $281,000 after acquiring an additional 195 shares in the last quarter. Finally, Eastern Bank increased its position in shares of Texas Instruments by 6.2% in the fourth quarter. Eastern Bank now owns 3,714 shares of the semiconductor company’s stock valued at $696,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction 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 transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,065 shares of company stock valued at $59,734,685 over the last ninety days. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TXN has been the subject of a number of analyst reports. Argus upgraded Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. KeyCorp decreased their price objective on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley reiterated an “underweight” rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $189.41.

Texas Instruments Stock Performance

NASDAQ TXN opened at $188.20 on Wednesday. The firm’s 50 day simple moving average is $167.11 and its 200 day simple moving average is $184.84. The firm has a market capitalization of $170.97 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.89%. Texas Instruments’s dividend payout ratio is currently 103.23%.

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.