Hexagon Capital Partners LLC Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Hexagon Capital Partners LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,898 shares of the semiconductor company’s stock after selling 153 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Texas Instruments were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the fourth quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the 4th quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments in the fourth quarter worth $31,000. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TXN shares. Truist Financial raised their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Robert W. Baird increased their price objective on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Mizuho raised their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.43.

Insider Buying and Selling at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now 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 related news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $194.60 on Tuesday. The company’s 50-day simple moving average is $190.26 and its two-hundred day simple moving average is $175.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The stock has a market capitalization of $177.18 billion, a P/E ratio of 30.36, a P/E/G ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $206.00.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

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.