Avidian Wealth Solutions LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Avidian Wealth Solutions LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,050 shares of the semiconductor company’s stock after selling 107 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Texas Instruments were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Annapolis Financial Services LLC grew its position in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments during the fourth quarter valued at approximately $26,000. Finally, AMH Equity Ltd purchased a new stake in Texas Instruments during the third quarter worth approximately $32,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $180.74.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold a total of 228,529 shares of company stock worth $40,502,458 over the last quarter. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

NASDAQ:TXN traded up $3.11 during trading hours on Friday, reaching $178.91. 4,545,090 shares of the stock were exchanged, compared to its average volume of 6,059,944. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a P/E/G ratio of 3.81 and a beta of 1.01. The firm has a 50 day simple moving average of $170.68 and a 200-day simple moving average of $163.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

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.