Argent Advisors Inc. Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Argent Advisors Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,316 shares of the semiconductor company’s stock after selling 320 shares during the quarter. Argent Advisors Inc.’s holdings in Texas Instruments were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Architects LLC grew its holdings in shares of Texas Instruments by 10.6% during the fourth quarter. Wealth Architects LLC now owns 2,516 shares of the semiconductor company’s stock worth $472,000 after buying an additional 241 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Texas Instruments by 13.8% in the fourth quarter. SlateStone Wealth LLC now owns 21,313 shares of the semiconductor company’s stock valued at $3,996,000 after purchasing an additional 2,589 shares during the period. First National Advisers LLC grew its holdings in Texas Instruments by 2.4% in the fourth quarter. First National Advisers LLC now owns 14,291 shares of the semiconductor company’s stock valued at $2,680,000 after purchasing an additional 332 shares during the period. GWN Securities Inc. purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $508,000. Finally, Gallacher Capital Management LLC grew its holdings in Texas Instruments by 4.3% in the fourth quarter. Gallacher Capital Management LLC now owns 1,705 shares of the semiconductor company’s stock valued at $320,000 after purchasing an additional 70 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 2.0 %

NASDAQ TXN opened at $179.99 on Tuesday. The company’s fifty day simple moving average is $188.36 and its 200-day simple moving average is $196.07. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $163.78 billion, a P/E ratio of 34.68, a PEG ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the firm earned $1.49 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.02%. Texas Instruments’s dividend payout ratio is presently 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TXN. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Mizuho lowered their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $209.20.

About Texas Instruments

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.