WESPAC Advisors LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

WESPAC Advisors LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,092 shares of the semiconductor company’s stock after selling 388 shares during the quarter. WESPAC Advisors LLC’s holdings in Texas Instruments were worth $1,142,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. Wealthspire Advisors LLC lifted its stake in shares of Texas Instruments by 6.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,474 shares of the semiconductor company’s stock valued at $1,402,000 after buying an additional 452 shares during the period. TCW Group Inc. lifted its stake in shares of Texas Instruments by 0.7% during the 4th quarter. TCW Group Inc. now owns 48,761 shares of the semiconductor company’s stock worth $9,143,000 after purchasing an additional 321 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Texas Instruments by 3.4% during the 4th quarter. First Horizon Advisors Inc. now owns 115,533 shares of the semiconductor company’s stock worth $21,664,000 after purchasing an additional 3,807 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of Texas Instruments by 5.8% during the 4th quarter. Pinnacle Financial Partners Inc now owns 11,789 shares of the semiconductor company’s stock worth $2,218,000 after purchasing an additional 644 shares during the period. Finally, Callan Capital LLC lifted its stake in shares of Texas Instruments by 9.2% during the 4th quarter. Callan Capital LLC now owns 3,589 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 301 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $202.00 on Friday. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The company has a market capitalization of $183.89 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. 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 firm’s fifty day moving average price is $188.44 and its 200 day moving average price is $197.49.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $1.49 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analysts Set New Price Targets

TXN has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Mizuho cut their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $209.20.

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.