Centaurus Financial Inc. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Centaurus Financial Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,163 shares of the semiconductor company’s stock after selling 374 shares during the quarter. Centaurus Financial Inc.’s holdings in Texas Instruments were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the 3rd quarter valued at approximately $28,000. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new position in Texas Instruments in the 3rd quarter worth $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the 3rd quarter worth about $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Texas Instruments during the 3rd quarter valued at about $45,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s 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. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research 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 company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Stock Down 1.0 %

Shares of NASDAQ TXN opened at $200.95 on Wednesday. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company’s 50-day simple moving average is $204.53 and its 200-day simple moving average is $200.71. The firm has a market cap of $183.31 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $1.80 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

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.