SRS Capital Advisors Inc. Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

SRS Capital Advisors Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 85.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 357 shares of the semiconductor company’s stock after selling 2,060 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Texas Instruments were worth $61,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in Texas Instruments in the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, AMH Equity Ltd purchased a new position in shares of Texas Instruments in the third quarter worth about $32,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

TXN opened at $178.91 on Friday. The firm’s fifty day simple moving average is $170.68 and its two-hundred day simple moving average is $162.98. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Stifel Nicolaus raised their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. KeyCorp upped their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley lifted their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $180.74.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders sold 228,529 shares of company stock valued at $40,502,458 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

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.