Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by West Branch Capital LLC

West Branch Capital LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 22.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 305 shares of the semiconductor company’s stock after selling 86 shares during the period. West Branch Capital LLC’s holdings in Texas Instruments were worth $55,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. Norges Bank acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $2,584,490,000. GAMMA Investing LLC boosted its stake in Texas Instruments by 21,778.6% during the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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. Invesco Ltd. boosted its stake in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Texas Instruments during the 4th quarter valued at about $295,665,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 2.3%

NASDAQ TXN opened at $195.00 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company’s 50 day simple moving average is $172.92 and its 200 day simple moving average is $182.15. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The company has a market capitalization of $177.15 billion, a P/E ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. Texas Instruments’s payout ratio is currently 103.23%.

Analyst Ratings Changes

A number of research analysts have issued reports on TXN shares. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. TD Securities reissued a “hold” rating and set a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. KeyCorp reduced their target price on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial reduced their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $189.86.

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.