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

VCI Wealth Management LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 27.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,529 shares of the semiconductor company's stock after selling 2,498 shares during the quarter. VCI Wealth Management LLC's holdings in Texas Instruments were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 56 shares during the period. Voya Financial Advisors Inc. raised its holdings in Texas Instruments by 1.6% during the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after buying an additional 58 shares during the period. Dunhill Financial LLC lifted its stake in Texas Instruments by 3.7% during the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after buying an additional 61 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Texas Instruments by 3.7% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock worth $327,000 after buying an additional 62 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in shares of Texas Instruments by 2.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 84.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a "hold" rating in a research report on Friday. Wells Fargo & Company boosted their target price on Texas Instruments from $190.00 to $215.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Truist Financial dropped their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of Texas Instruments in a research report on Tuesday. Finally, Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $204.87.

Texas Instruments Trading Down 0.3%

Shares of Texas Instruments stock traded down $0.62 during trading on Tuesday, hitting $213.95. 2,554,527 shares of the company were exchanged, compared to its average volume of 6,458,728. The firm's fifty day moving average price is $199.35 and its 200 day moving average price is $185.23. The firm has a market capitalization of $194.37 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be issued a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 2.54%. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Company 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.

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