Elite Wealth Management Inc. Sells 3,661 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Elite Wealth Management Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 66.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,855 shares of the semiconductor company’s stock after selling 3,661 shares during the period. Elite Wealth Management Inc.’s holdings in Texas Instruments were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares during the period. State Street Corp lifted its position in shares of Texas Instruments by 1.9% during the first quarter. State Street Corp now owns 37,818,973 shares of the semiconductor company’s stock worth $7,034,694,000 after acquiring an additional 721,775 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after acquiring an additional 839,964 shares in the last quarter. Morgan Stanley lifted its position in shares of Texas Instruments by 54.4% during the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.6 %

Shares of TXN stock traded down $1.07 during trading hours on Wednesday, hitting $166.52. 1,170,823 shares of the company’s stock traded hands, compared to its average volume of 5,423,155. The stock’s fifty day simple moving average is $167.95 and its two-hundred day simple moving average is $161.68. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market cap of $151.54 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.58 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business earned $2.13 earnings per share. The business’s revenue was down 12.7% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.12%. Texas Instruments’s payout ratio is currently 73.65%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

TXN has been the topic of a number of recent analyst reports. Susquehanna lowered their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Barclays lowered their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $176.68.

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.