Moors & Cabot Inc. Sells 272 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Moors & Cabot Inc. trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 3.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,546 shares of the semiconductor company’s stock after selling 272 shares during the quarter. Moors & Cabot Inc.’s holdings in Texas Instruments were worth $1,200,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TXN. Bryn Mawr Capital Management LLC boosted its holdings in Texas Instruments by 1.2% during the 3rd quarter. Bryn Mawr Capital Management LLC now owns 9,969 shares of the semiconductor company’s stock valued at $1,585,000 after acquiring an additional 123 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Texas Instruments by 10.5% during the third quarter. Oppenheimer & Co. Inc. now owns 62,101 shares of the semiconductor company’s stock valued at $9,875,000 after purchasing an additional 5,918 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Texas Instruments by 19.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 106,993 shares of the semiconductor company’s stock worth $17,013,000 after purchasing an additional 17,708 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Texas Instruments by 2.9% in the third quarter. Kestra Private Wealth Services LLC now owns 54,868 shares of the semiconductor company’s stock worth $8,725,000 after buying an additional 1,534 shares during the period. Finally, United Asset Strategies Inc. increased its stake in shares of Texas Instruments by 5.2% in the third quarter. United Asset Strategies Inc. now owns 14,452 shares of the semiconductor company’s stock worth $2,298,000 after buying an additional 710 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $159.20 on Friday. The company has a 50 day simple moving average of $164.37 and a two-hundred day simple moving average of $162.29. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a market capitalization of $144.59 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 3.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $2.13 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.37 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.27%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 73.65%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Truist Financial cut their price target on shares of Texas Instruments from $168.00 to $166.00 and set a “hold” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on Texas Instruments from $200.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Oppenheimer cut Texas Instruments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 11th. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Finally, Bank of America reduced their price objective on shares of Texas Instruments from $195.00 to $175.00 in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $173.95.

Check Out Our Latest Report on TXN

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 12,299 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $145.51, for a total transaction of $1,789,627.49. Following the sale, the director now owns 13,637 shares in the company, valued at $1,984,319.87. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 12,299 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $145.51, for a total value of $1,789,627.49. Following the sale, the director now directly owns 13,637 shares in the company, valued at $1,984,319.87. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

About Texas Instruments

(Free Report)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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