Beacon Investment Advisory Services Inc. Has $1.45 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Beacon Investment Advisory Services Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,752 shares of the semiconductor company’s stock after selling 617 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Texas Instruments were worth $1,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at approximately $28,000. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments in the 3rd quarter worth $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments in the 3rd quarter valued at $41,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $197.05 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a market cap of $179.75 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 3.80 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm’s 50-day simple moving average is $193.80 and its two-hundred day simple moving average is $199.56.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.76%. Texas Instruments’s payout ratio is presently 101.12%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TXN shares. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America decreased their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $210.45.

About Texas Instruments

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.