Wealth Enhancement Advisory Services LLC Sells 5,700 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wealth Enhancement Advisory Services LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,491 shares of the semiconductor company's stock after selling 5,700 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of Texas Instruments worth $90,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $28,000. Finally, Copia Wealth Management purchased a new position in shares of Texas Instruments during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

NASDAQ TXN traded down $4.14 during trading on Friday, reaching $180.85. The company's stock had a trading volume of 15,099,736 shares, compared to its average volume of 6,347,945. The stock has a market capitalization of $164.30 billion, a PE ratio of 34.85, a P/E/G 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 has a fifty day moving average of $167.94 and a 200 day moving average of $182.68. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping 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 return on equity of 28.08% and a net margin of 30.68%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 3.01%. Texas Instruments's dividend payout ratio is currently 103.23%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TXN. Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley reissued an "underweight" rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $189.41.

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.