Claro Advisors LLC Decreases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Claro Advisors LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,564 shares of the semiconductor company’s stock after selling 312 shares during the period. Claro Advisors LLC’s holdings in Texas Instruments were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. One Capital Management LLC grew its position in Texas Instruments by 47.3% during the 2nd quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company’s stock worth $620,000 after purchasing an additional 1,024 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of Texas Instruments by 25.4% during the second quarter. Citizens Financial Group Inc. RI now owns 37,007 shares of the semiconductor company’s stock valued at $7,199,000 after buying an additional 7,501 shares during the last quarter. Excalibur Management Corp increased its position in shares of Texas Instruments by 2.7% in the 2nd quarter. Excalibur Management Corp now owns 2,131 shares of the semiconductor company’s stock valued at $415,000 after acquiring an additional 57 shares during the period. Alpha Financial Partners LLC purchased a new position in Texas Instruments in the 2nd quarter worth $229,000. Finally, Perennial Investment Advisors LLC acquired a new stake in Texas Instruments during the 2nd quarter worth about $207,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $193.50 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market capitalization of $176.51 billion, a PE ratio of 35.97, a P/E/G ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The company has a fifty day moving average of $196.30 and a two-hundred day moving average of $199.76.

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

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.81%. Texas Instruments’s payout ratio is currently 101.12%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TXN shares. Robert W. Baird reduced their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Truist Financial reduced their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Wells Fargo & Company reduced their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $209.71.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company 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.