Newbridge Financial Services Group Inc. Has $112,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Newbridge Financial Services Group Inc. cut its stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 18.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 659 shares of the semiconductor company’s stock after selling 145 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Texas Instruments were worth $112,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Field & Main Bank grew its holdings in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 65 shares in the last quarter. Guardian Wealth Management Inc. grew its holdings in shares of Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after purchasing an additional 65 shares in the last quarter. Howard Financial Services LTD. grew its holdings in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 66 shares in the last quarter. Sandy Spring Bank grew its holdings in shares of Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 66 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after purchasing an additional 67 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

Shares of TXN traded down $0.54 during mid-day trading on Tuesday, hitting $194.36. The stock had a trading volume of 492,569 shares, compared to its average volume of 5,534,847. The firm has a market cap of $176.96 billion, a P/E ratio of 30.41, a PEG ratio of 4.20 and a beta of 1.00. The business has a fifty day moving average price of $185.32 and a 200-day moving average price of $173.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TXN shares. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Susquehanna raised their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $182.48.

Read Our Latest Stock Analysis on TXN

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. 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.

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

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