West Oak Capital LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

West Oak Capital LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,390 shares of the semiconductor company’s stock after selling 1,480 shares during the quarter. West Oak Capital LLC’s holdings in Texas Instruments were worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AXQ Capital LP boosted its stake in Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after acquiring an additional 155 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in Texas Instruments during the fourth quarter worth about $222,000. First National Advisers LLC boosted its stake in Texas Instruments by 27.6% during the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after acquiring an additional 2,059 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TXN. Mizuho boosted their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their target price for the stock from $200.00 to $175.00 in a research note on Monday, May 13th. Robert W. Baird upped their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $183.43.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $3.82 during midday trading on Tuesday, reaching $198.42. The stock had a trading volume of 4,167,840 shares, compared to its average volume of 5,544,463. The stock has a 50-day moving average of $190.89 and a 200-day moving average of $175.56. 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 company has a market capitalization of $180.66 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.62%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction 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 owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction 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 transaction, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

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.