CFS Investment Advisory Services LLC Sells 1,689 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

CFS Investment Advisory Services LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 48.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,781 shares of the semiconductor company’s stock after selling 1,689 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Texas Instruments were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its stake in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter worth approximately $39,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments in the 3rd quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC bought a new position in Texas Instruments in the 3rd quarter worth approximately $45,000. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock valued at $3,126,464 in the last quarter. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $198.00 on Friday. The stock’s fifty day moving average is $204.45 and its two-hundred day moving average is $200.25. The company has a market capitalization of $180.62 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $151.27 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.75%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TXN. Barclays dropped their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Truist Financial decreased their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Robert W. Baird decreased their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.05.

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.