Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Woodstock Corp

Woodstock Corp reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,204 shares of the semiconductor company’s stock after selling 164 shares during the period. Woodstock Corp’s holdings in Texas Instruments were worth $210,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments in the 4th quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $192.76 on Friday. The company has a market cap of $175.50 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 4.25 and a beta of 1.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $186.75 and a 200-day moving average of $173.64. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share 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 firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

A number of research analysts have commented on TXN shares. Jefferies Financial Group lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $175.00 in a research note on Monday, May 13th. Benchmark restated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Susquehanna upped their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group lifted their target price on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Finally, Mizuho boosted their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $182.48.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. 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 over the last three months. 0.68% of the stock is currently owned by insiders.

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.