Brown Miller Wealth Management LLC Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Brown Miller Wealth Management LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 60.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,995 shares of the semiconductor company’s stock after selling 7,705 shares during the period. Brown Miller Wealth Management LLC’s holdings in Texas Instruments were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Annapolis Financial Services LLC grew its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the third quarter worth about $25,000. Riverview Trust Co grew its holdings in Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, AMH Equity Ltd bought a new position in Texas Instruments during the 3rd quarter valued at approximately $32,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays lowered their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 target price on shares of Texas Instruments in a report on Monday, March 4th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Susquehanna dropped their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, TD Cowen upped their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $173.89.

Insider Buying and Selling

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

Texas Instruments Trading Up 0.8 %

Shares of Texas Instruments stock traded up $1.34 during mid-day trading on Thursday, hitting $174.21. The stock had a trading volume of 4,416,948 shares, compared to its average volume of 5,694,404. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The firm has a market cap of $158.54 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. The firm has a 50-day moving average of $166.63 and a two-hundred day moving average of $160.86. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 2.98%. Texas Instruments’s payout ratio is 73.65%.

Texas Instruments 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.