Forvis Mazars Wealth Advisors LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Forvis Mazars Wealth Advisors LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,815 shares of the semiconductor company’s stock after selling 247 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,840,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TXN. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the third quarter worth $202,000. Dakota Wealth Management grew its stake in Texas Instruments by 1.1% during the third quarter. Dakota Wealth Management now owns 10,984 shares of the semiconductor company’s stock valued at $2,269,000 after acquiring an additional 115 shares in the last quarter. Trueblood Wealth Management LLC bought a new stake in Texas Instruments in the 3rd quarter valued at $209,000. NorthCrest Asset Manangement LLC lifted its stake in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after purchasing an additional 52 shares in the last quarter. Finally, PFG Investments LLC grew its position in shares of Texas Instruments by 6.0% during the third quarter. PFG Investments LLC now owns 5,322 shares of the semiconductor company’s stock valued at $1,099,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $202.00 on Monday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $188.44 and its two-hundred day moving average is $197.59. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a market capitalization of $183.89 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the firm earned $1.49 EPS. As a group, analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $209.20.

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.