Weaver C. Barksdale & Associates Inc. Sells 225 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Weaver C. Barksdale & Associates Inc. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 8,967 shares of the semiconductor company’s stock after selling 225 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Texas Instruments were worth $1,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Penobscot Investment Management Company Inc. boosted its stake in shares of Texas Instruments by 6.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 7,491 shares of the semiconductor company’s stock valued at $1,405,000 after purchasing an additional 425 shares in the last quarter. Ipsen Advisor Group LLC acquired a new position in Texas Instruments in the 4th quarter valued at approximately $652,000. Florida Financial Advisors LLC lifted its holdings in shares of Texas Instruments by 2.5% during the fourth quarter. Florida Financial Advisors LLC now owns 5,032 shares of the semiconductor company’s stock worth $944,000 after purchasing an additional 121 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Texas Instruments by 1.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 99,415 shares of the semiconductor company’s stock valued at $18,641,000 after purchasing an additional 1,468 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in Texas Instruments by 3.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays cut their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Down 0.8 %

NASDAQ TXN opened at $183.97 on Wednesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $167.40 billion, a P/E ratio of 35.45, a PEG ratio of 3.30 and a beta of 0.98. The business has a fifty day simple moving average of $187.16 and a 200 day simple moving average of $195.06. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the previous year, the firm earned $1.49 EPS. On average, analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.96%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.57% of the stock is currently owned by insiders.

Texas Instruments 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.