Alpha Omega Wealth Management LLC Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Alpha Omega Wealth Management LLC lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,289 shares of the semiconductor company’s stock after selling 126 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Texas Instruments were worth $747,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Grimes & Company Inc. raised its position in shares of Texas Instruments by 0.4% in the 1st quarter. Grimes & Company Inc. now owns 20,403 shares of the semiconductor company’s stock worth $3,554,000 after buying an additional 79 shares during the period. Criterion Capital Advisors LLC raised its position in Texas Instruments by 16.9% in the first quarter. Criterion Capital Advisors LLC now owns 8,471 shares of the semiconductor company’s stock valued at $1,476,000 after purchasing an additional 1,224 shares during the period. MCF Advisors LLC raised its position in Texas Instruments by 6.9% in the first quarter. MCF Advisors LLC now owns 4,436 shares of the semiconductor company’s stock valued at $773,000 after purchasing an additional 288 shares during the period. Avity Investment Management Inc. raised its position in Texas Instruments by 16.7% in the first quarter. Avity Investment Management Inc. now owns 199,926 shares of the semiconductor company’s stock valued at $34,829,000 after purchasing an additional 28,597 shares during the period. Finally, Independence Bank of Kentucky raised its position in Texas Instruments by 45.1% in the first quarter. Independence Bank of Kentucky now owns 4,015 shares of the semiconductor company’s stock valued at $699,000 after purchasing an additional 1,247 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN traded up $1.10 during midday trading on Friday, hitting $194.53. 8,860,990 shares of the stock were exchanged, compared to its average volume of 4,647,702. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The company has a market capitalization of $177.12 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 4.19 and a beta of 1.00. The business has a 50-day moving average price of $190.26 and a two-hundred day moving average price of $175.28. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.67%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TXN shares. Barclays raised their price objective on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, May 20th. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Susquehanna raised their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Evercore ISI raised their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Robert W. Baird lifted their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $183.43.

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.