Wedmont Private Capital Sells 58 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wedmont Private Capital cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,043 shares of the semiconductor company’s stock after selling 58 shares during the period. Wedmont Private Capital’s holdings in Texas Instruments were worth $1,149,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new stake in shares of Texas Instruments in the 3rd quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the 3rd quarter worth $43,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird dropped their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Price Performance

NASDAQ:TXN opened at $191.09 on Tuesday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The firm has a market capitalization of $174.32 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 4.19 and a beta of 0.98. The stock’s 50 day moving average price is $196.48 and its two-hundred day moving average price is $199.76. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.80 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

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

Insider Transactions at Texas Instruments

In other Texas Instruments news, 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 owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

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.