Chase Investment Counsel Corp trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,608 shares of the semiconductor company’s stock after selling 101 shares during the quarter. Chase Investment Counsel Corp’s holdings in Texas Instruments were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $34,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $40,000. Essex Savings Bank bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $42,000. Baldwin Brothers Inc. MA boosted its position in shares of Texas Instruments by 42.5% during the fourth quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 153 shares in the last quarter. Finally, G&S Capital LLC boosted its position in shares of Texas Instruments by 25.0% during the fourth quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.
In other Texas Instruments news, Chairman Richard K. Templeton sold 90,842 shares of Texas Instruments stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $101.14, for a total transaction of $9,187,759.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 7,000 shares of Texas Instruments stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $106.20, for a total value of $743,400.00. Following the transaction, the director now owns 37,160 shares of the company’s stock, valued at approximately $3,946,392. The disclosure for this sale can be found here. Insiders have sold 163,295 shares of company stock valued at $16,651,930 in the last quarter. 0.84% of the stock is owned by company insiders.
Shares of NASDAQ:TXN opened at $104.76 on Tuesday. The firm has a market cap of $100.42 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.98 and a beta of 1.17. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $118.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Wednesday, January 30th. Texas Instruments’s payout ratio is 56.83%.
Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on Texas Instruments from $93.00 to $90.00 and set a “sell” rating on the stock in a research report on Wednesday, October 24th. BMO Capital Markets dropped their price target on Texas Instruments from $138.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Sunday, January 13th. Finally, Loop Capital dropped their price target on Texas Instruments to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and an average price target of $108.74.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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