Laird Norton Wetherby Wealth Management LLC Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Laird Norton Wetherby Wealth Management LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,739 shares of the semiconductor company’s stock after selling 1,469 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Texas Instruments were worth $4,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $25,000. Financial Life Planners purchased a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the fourth quarter worth approximately $27,000. Summit Securities Group LLC purchased a new stake in Texas Instruments during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,065 shares of company stock worth $59,734,685. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXN. Seaport Res Ptn raised shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, April 30th. UBS Group decreased their price target on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Cantor Fitzgerald decreased their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Morgan Stanley restated an “underweight” rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their target price on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $189.41.

Texas Instruments Trading Up 4.0%

Texas Instruments stock opened at $172.27 on Monday. The firm’s 50-day moving average is $167.29 and its 200-day moving average is $184.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a market cap of $156.50 billion, a P/E ratio of 33.19, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. On average, equities analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

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.