Parallel Advisors LLC Sells 832 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Parallel Advisors LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 20,817 shares of the semiconductor company’s stock after selling 832 shares during the period. Parallel Advisors LLC’s holdings in Texas Instruments were worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cahill Financial Advisors Inc. grew its position in Texas Instruments by 3.5% during the third quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 49 shares during the last quarter. HF Advisory Group LLC grew its position in Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock valued at $1,602,000 after acquiring an additional 52 shares during the last quarter. Blossom Wealth Management grew its position in Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 55 shares during the last quarter. OLD Second National Bank of Aurora grew its position in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 57 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its holdings in shares of Texas Instruments by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company’s stock worth $2,032,000 after purchasing an additional 59 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last quarter. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company cut their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Truist Financial cut their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $179.99 on Tuesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $163.78 billion, a P/E ratio of 34.68, a P/E/G ratio of 3.30 and a beta of 0.98. The business has a fifty day simple moving average of $188.36 and a two-hundred day simple moving average of $196.07. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the firm posted $1.49 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

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.