Sendero Wealth Management LLC Sells 409 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Sendero Wealth Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,442 shares of the semiconductor company’s stock after selling 409 shares during the period. Sendero Wealth Management LLC’s holdings in Texas Instruments were worth $1,537,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV raised its holdings in Texas Instruments by 1.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares in the last quarter. Verity Asset Management Inc. grew its position in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 54 shares during the period. Prentice Wealth Management LLC grew its stake in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in Texas Instruments by 14.1% during the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 55 shares during the period. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXN. Barclays increased their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Finally, Robert W. Baird raised their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $204.19.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Performance

Texas Instruments stock traded down $2.52 during trading hours on Thursday, hitting $202.45. 887,269 shares of the stock traded hands, compared to its average volume of 5,471,995. The firm’s 50 day moving average price is $201.40 and its 200-day moving average price is $192.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The stock has a market capitalization of $184.33 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 4.41 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the firm earned $1.87 EPS. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 84.87%.

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.