Compass Wealth Management LLC Sells 783 Shares of Texas Instruments Incorporated (NASDAQ:TXN) (2024)

Compass Wealth Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 32.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,652 shares of the semiconductor company’s stock after selling 783 shares during the quarter. Compass Wealth Management LLC’s holdings in Texas Instruments were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Texas Instruments in the fourth quarter worth $1,649,592,000. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the period. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXN. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI increased 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. The Goldman Sachs Group increased their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus raised their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $182.48.

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Texas Instruments Stock Performance

Texas Instruments stock opened at $196.25 on Thursday. The stock’s 50 day simple moving average is $186.32 and its two-hundred day simple moving average is $173.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The stock has a market cap of $178.68 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 4.25 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.65%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $71,009,121.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of 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 ninety days, insiders sold 328,969 shares of company stock worth $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments 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.