GoalVest Advisory LLC Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

GoalVest Advisory LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 47.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330 shares of the semiconductor company’s stock after selling 299 shares during the quarter. GoalVest Advisory LLC’s holdings in Texas Instruments were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXN. Brookstone Capital Management raised its position in shares of Texas Instruments by 5.7% in the 1st quarter. Brookstone Capital Management now owns 17,642 shares of the semiconductor company’s stock valued at $3,073,000 after purchasing an additional 955 shares in the last quarter. RMR Wealth Builders raised its position in shares of Texas Instruments by 113.5% in the 1st quarter. RMR Wealth Builders now owns 8,788 shares of the semiconductor company’s stock valued at $1,531,000 after purchasing an additional 4,671 shares in the last quarter. Chemistry Wealth Management LLC raised its position in shares of Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after acquiring an additional 62 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Texas Instruments by 21.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,007 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 180 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its position in shares of Texas Instruments by 10.3% during the 1st quarter. Prentice Wealth Management LLC now owns 2,596 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TXN. Benchmark upped their price target on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Truist Financial upped their price target on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Wells Fargo & Company began coverage on Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group increased their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $183.43.

Texas Instruments Price Performance

NASDAQ:TXN opened at $193.43 on Friday. The business’s 50-day moving average price is $188.97 and its 200 day moving average price is $174.79. The firm has a market cap of $176.11 billion, a P/E ratio of 30.18, a PEG ratio of 4.18 and a beta of 1.00. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00. 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, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.69%. Texas Instruments’s payout ratio is presently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated 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 sale, 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. In the last ninety days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by company insiders.

Texas Instruments 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.