Alpha Omega Wealth Management LLC Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Alpha Omega Wealth Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,376 shares of the semiconductor company’s stock after selling 428 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Texas Instruments were worth $607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $6,544,000. Stephens Inc. AR raised its holdings in shares of Texas Instruments by 12.5% during the fourth quarter. Stephens Inc. AR now owns 30,436 shares of the semiconductor company’s stock valued at $5,707,000 after purchasing an additional 3,372 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Texas Instruments by 18.2% during the 4th quarter. Angeles Wealth Management LLC now owns 1,543 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 238 shares during the period. Finally, Savant Capital LLC boosted its position in Texas Instruments by 2.2% in the fourth quarter. Savant Capital LLC now owns 25,818 shares of the semiconductor company’s stock worth $4,841,000 after purchasing an additional 552 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.5%

NASDAQ TXN opened at $202.29 on Wednesday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a 50 day moving average price of $170.06 and a 200 day moving average price of $182.09. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $183.77 billion, a PE ratio of 38.98, a price-to-earnings-growth 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. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS 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 dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TXN shares. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Citigroup upped their price target on shares of Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday. Rosenblatt Securities restated a “buy” rating and issued a $216.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Benchmark dropped their price objective on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target 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.