Advance Capital Management Inc. Sells 334 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Advance Capital Management Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 21.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,192 shares of the semiconductor company’s stock after selling 334 shares during the quarter. Advance Capital Management Inc.’s holdings in Texas Instruments were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $31,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.7 %

Shares of NASDAQ TXN opened at $196.25 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00. The firm has a market capitalization of $178.68 billion, a P/E ratio of 30.62, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The company’s 50 day simple moving average is $186.32 and its 200 day simple moving average is $173.50.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TXN shares. Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Citigroup lifted their target price on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Jefferies Financial Group cut shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their target price for the company from $200.00 to $175.00 in a research note on Monday, May 13th. Finally, Robert W. Baird lifted their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $182.48.

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.