Phoenix Wealth Advisors Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Phoenix Wealth Advisors trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,104 shares of the semiconductor company’s stock after selling 205 shares during the period. Texas Instruments makes up approximately 1.4% of Phoenix Wealth Advisors’ holdings, making the stock its 27th biggest holding. Phoenix Wealth Advisors’ holdings in Texas Instruments were worth $2,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXN. Norges Bank bought a new position in Texas Instruments during the fourth quarter valued at $1,548,365,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of Texas Instruments by 60,024.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after acquiring an additional 8,349,393 shares during the last quarter. Morgan Stanley grew its position in Texas Instruments by 54.4% in 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. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after purchasing an additional 1,439,066 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Mizuho cut their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Cantor Fitzgerald boosted their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Barclays lowered their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. TD Cowen upped their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Evercore ISI started coverage on shares of Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Down 0.5 %

Shares of NASDAQ:TXN traded down $0.91 during trading hours on Wednesday, hitting $166.68. The company’s stock had a trading volume of 759,514 shares, compared to its average volume of 5,418,559. The firm’s fifty day moving average price is $167.95 and its 200 day moving average price is $161.68. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a market capitalization of $151.69 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

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

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated 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 $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by corporate insiders.

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.