GraniteShares Advisors LLC Sells 757 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

GraniteShares Advisors LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,082 shares of the semiconductor company’s stock after selling 757 shares during the period. GraniteShares Advisors LLC’s holdings in Texas Instruments were worth $1,378,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Annapolis Financial Services LLC increased its holdings in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Finally, Riverview Trust Co increased its holdings in shares of Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Trading Up 0.7 %

NASDAQ:TXN traded up $1.24 during trading hours on Tuesday, reaching $167.59. The company’s stock had a trading volume of 3,389,018 shares, compared to its average volume of 5,484,493. The firm has a market capitalization of $152.52 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.58 and a beta of 1.04. The firm has a 50-day simple moving average of $167.76 and a 200-day simple moving average of $161.62. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. 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:TXN) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.10%. Texas Instruments’s dividend payout ratio is currently 73.65%.

Analyst Ratings Changes

TXN has been the topic of a number of recent research reports. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Barclays reduced their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Cantor Fitzgerald lifted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, KeyCorp lifted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

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.