Walter & Keenan Wealth Management LLC IN ADV Sells 707 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Walter & Keenan Wealth Management LLC IN ADV reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,195 shares of the semiconductor company’s stock after selling 707 shares during the quarter. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Texas Instruments were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TXN. MidAtlantic Capital Management Inc. purchased a new position in shares of Texas Instruments during the third quarter worth approximately $28,000. Financial Life Planners bought a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter worth $27,000. Tsfg LLC lifted its stake in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the third quarter valued at about $39,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $180.00 on Monday. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The firm has a market capitalization of $164.20 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.95 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $189.75 and a two-hundred day simple moving average of $198.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the firm posted $1.49 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analyst Upgrades and Downgrades

TXN has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $209.20.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.