Edgar Lomax Co. VA Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Edgar Lomax Co. VA cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,565 shares of the semiconductor company’s stock after selling 2,935 shares during the quarter. Texas Instruments comprises about 1.9% of Edgar Lomax Co. VA’s holdings, making the stock its 23rd largest position. Edgar Lomax Co. VA’s holdings in Texas Instruments were worth $28,795,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after acquiring an additional 649,620 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock valued at $4,032,599,000 after purchasing an additional 267,352 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth about $2,584,490,000. Finally, Alliancebernstein L.P. boosted its stake in Texas Instruments by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after purchasing an additional 822,797 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $148.34 on Friday. The company’s fifty day moving average is $177.08 and its 200 day moving average is $189.48. 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 52 week low of $139.95 and a 52 week high of $220.39. The stock has a market cap of $134.97 billion, a PE ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 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, May 13th. Stockholders of record on Wednesday, April 30th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 3.67%. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last three months. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

TXN has been the topic of several analyst reports. Stifel Nicolaus decreased their price target on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research report on Thursday. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Citigroup cut their price target on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday, April 11th. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $206.86.

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.