Acumen Wealth Advisors LLC Cuts Stake in Texas Instruments Incorporated $TXN

Acumen Wealth Advisors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 28.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 20,119 shares of the semiconductor company’s stock after selling 7,871 shares during the period. Texas Instruments accounts for approximately 1.1% of Acumen Wealth Advisors LLC’s portfolio, making the stock its 23rd largest position. Acumen Wealth Advisors LLC’s holdings in Texas Instruments were worth $3,906,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $25,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at $25,000. Advocate Investing Services LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 4,963 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $295.22, for a total value of $1,465,176.86. Following the completion of the sale, the vice president owned 24,867 shares of the company’s stock, valued at $7,341,235.74. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rafael R. Lizardi sold 47,734 shares of Texas Instruments stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the sale, the chief financial officer owned 85,485 shares in the company, valued at $26,337,928.50. This represents a 35.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 303,475 shares of company stock worth $85,666,638. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TXN. KeyCorp boosted their price target on Texas Instruments from $325.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Susquehanna raised their price objective on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a report on Tuesday. Rosenblatt Securities lifted their price objective on Texas Instruments from $240.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus boosted their target price on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Bank of America increased their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Thirteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $285.44.

Read Our Latest Analysis on Texas Instruments

Texas Instruments Stock Up 2.5%

Shares of NASDAQ TXN opened at $291.30 on Wednesday. The stock has a fifty day moving average price of $302.23 and a 200 day moving average price of $245.54. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The company has a market cap of $265.11 billion, a P/E ratio of 49.88, a P/E/G ratio of 1.42 and a beta of 1.32.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.31. Texas Instruments had a return on equity of 32.49% and a net margin of 29.11%.The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Research analysts anticipate that Texas Instruments Incorporated will post 7.68 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 97.26%.

Key Stories Impacting Texas Instruments

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About Texas Instruments

(Free Report)

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.

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

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