CreativeOne Wealth LLC Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

CreativeOne Wealth LLC lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 58.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,480 shares of the semiconductor company’s stock after selling 7,717 shares during the quarter. CreativeOne Wealth LLC’s holdings in Texas Instruments were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Texas Instruments in the fourth quarter valued at about $1,649,592,000. Van ECK Associates Corp increased its position in shares of Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after acquiring an additional 1,972,304 shares during the period. California Public Employees Retirement System increased its position in shares of Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Baillie Gifford & Co. increased its position in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after acquiring an additional 1,154,513 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock traded up $4.84 during midday trading on Friday, reaching $201.99. 5,384,831 shares of the company traded hands, compared to its average volume of 4,994,019. The firm has a market capitalization of $184.43 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The business has a 50 day moving average of $198.04 and a two-hundred day moving average of $179.78. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $210.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.14 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.57%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TXN shares. Robert W. Baird boosted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday. Rosenblatt Securities boosted their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Morgan Stanley boosted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $198.64.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. Insiders own 0.68% of the company’s stock.

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.