Hollencrest Capital Management Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Hollencrest Capital Management lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,410 shares of the semiconductor company’s stock after selling 100 shares during the period. Hollencrest Capital Management’s holdings in Texas Instruments were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $28,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Texas Instruments in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last ninety days. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

TXN has been the topic of several recent research reports. Barclays reduced their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Price Performance

NASDAQ:TXN opened at $177.34 on Wednesday. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $161.36 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.30 and a beta of 0.98. The business has a 50 day simple moving average of $189.39 and a 200-day simple moving average of $197.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the prior year, the company posted $1.49 EPS. Equities analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.07%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

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.