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

Arkadios Wealth Advisors lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 23.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,667 shares of the semiconductor company’s stock after selling 3,285 shares during the period. Arkadios Wealth Advisors’ holdings in Texas Instruments were worth $2,000,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter valued at about $28,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at about $27,000. Tsfg LLC grew its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments during the third quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Texas Instruments during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TXN shares. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Evercore ISI increased their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $192.42 on Friday. The firm has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The firm’s 50 day simple moving average is $194.79 and its 200-day simple moving average is $199.64. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $1.80 earnings per share. As a group, equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.