Wedmont Private Capital Has $1.15 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wedmont Private Capital lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,043 shares of the semiconductor company’s stock after selling 58 shares during the quarter. Wedmont Private Capital’s holdings in Texas Instruments were worth $1,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter worth $28,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments in the third quarter valued at about $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments in the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.5 %

Shares of TXN opened at $191.09 on Tuesday. The business’s 50 day simple moving average is $196.48 and its 200-day simple moving average is $199.76. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a market capitalization of $174.32 billion, a P/E ratio of 35.52, a PEG ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.85%. Texas Instruments’s payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent analyst reports. Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $209.71.

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.