Chesapeake Wealth Management Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Chesapeake Wealth Management cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,426 shares of the semiconductor company’s stock after selling 160 shares during the quarter. Chesapeake Wealth Management’s holdings in Texas Instruments were worth $1,392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TXN. Cahill Financial Advisors Inc. lifted its stake in Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after buying an additional 50 shares in the last quarter. Lansing Street Advisors raised its holdings in shares of Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after acquiring an additional 51 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after acquiring an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC boosted its position in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 52 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of TXN stock opened at $192.42 on Tuesday. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $194.79 and a two-hundred day simple moving average of $199.65. The stock has a market capitalization of $175.53 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 3.74 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 31.60% and a return on equity of 29.05%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s payout ratio is 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’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 transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. Robert W. Baird reduced their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $210.45.

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.