Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Decreased by WESPAC Advisors LLC

WESPAC Advisors LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,092 shares of the semiconductor company’s stock after selling 388 shares during the quarter. WESPAC Advisors LLC’s holdings in Texas Instruments were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TXN. Howard Capital Management Group LLC bought a new position in Texas Instruments during the 3rd quarter worth $202,000. McAdam LLC bought a new position in shares of Texas Instruments during the third quarter worth about $214,000. International Assets Investment Management LLC grew its position in shares of Texas Instruments by 17,253.3% during the third quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Texas Instruments by 8.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,789 shares of the semiconductor company’s stock worth $2,435,000 after purchasing an additional 915 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Texas Instruments by 1.1% in the 3rd quarter. Dakota Wealth Management now owns 10,984 shares of the semiconductor company’s stock worth $2,269,000 after purchasing an additional 115 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TXN. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Mizuho decreased their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Down 1.0 %

NASDAQ:TXN opened at $202.00 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The firm has a market capitalization of $183.89 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. The stock has a fifty day simple moving average of $188.44 and a 200 day simple moving average of $197.49.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

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.