Goldstream Capital Management Ltd Sells 160 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Goldstream Capital Management Ltd lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 21.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603 shares of the semiconductor company’s stock after selling 160 shares during the period. Goldstream Capital Management Ltd’s holdings in Texas Instruments were worth $109,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in shares of Texas Instruments during the 1st quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Texas Instruments by 32.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter worth $337,000. Finally, Bridgefront Capital LLC purchased a new stake in Texas Instruments during the first quarter valued at about $315,000. Institutional investors own 83.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their target price on Texas Instruments from $178.00 to $174.00 in a research note on Wednesday, July 26th. Susquehanna dropped their price objective on Texas Instruments from $215.00 to $185.00 and set a “positive” rating for the company in a research note on Tuesday. StockNews.com initiated coverage on shares of Texas Instruments in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wolfe Research initiated coverage on shares of Texas Instruments in a research report on Wednesday, July 19th. They set a “peer perform” rating for the company. Finally, UBS Group decreased their price objective on shares of Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $177.39.

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Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the transaction, the director now directly owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Carrie Smith Cox sold 16,055 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the transaction, the director now owns 35,801 shares in the company, valued at $6,445,612.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 10,539 shares of Texas Instruments stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $179.34, for a total value of $1,890,064.26. Following the completion of the sale, the director now owns 32,662 shares of the company’s stock, valued at $5,857,603.08. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Instruments Stock Down 3.7 %

Shares of TXN stock traded down $5.44 during mid-day trading on Wednesday, reaching $141.48. 5,530,301 shares of the company’s stock traded hands, compared to its average volume of 5,016,443. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $161.30 and its 200-day moving average price is $169.18. The company has a market cap of $128.46 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.14 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $140.13 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.57 billion. On average, equities analysts expect that Texas Instruments Incorporated will post 7.31 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be paid a $1.30 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.24. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, October 30th. Texas Instruments’s dividend payout ratio is currently 59.62%.

Texas Instruments Company Profile

(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.