Weil Company Inc. Trims Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Weil Company Inc. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,550 shares of the semiconductor company's stock after selling 1,890 shares during the period. Weil Company Inc.'s holdings in Texas Instruments were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of 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 valued at $598,000 after acquiring an additional 56 shares in the last quarter. Voya Financial Advisors Inc. grew its stake in Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC grew its stake in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in 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 valued at $327,000 after purchasing an additional 62 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Texas Instruments by 2.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,069 shares of the semiconductor company's stock valued at $577,000 after purchasing an additional 63 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 1.5%

Shares of NASDAQ:TXN opened at $219.66 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.83. The company has a market capitalization of $199.55 billion, a PE ratio of 41.68, a PEG ratio of 3.52 and a beta of 1.03. The business has a 50 day moving average of $192.98 and a two-hundred day moving average of $184.11. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.

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

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is 103.23%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TXN. Stifel Nicolaus cut their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup lifted their target price on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a research note on Monday. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Truist Financial dropped their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, KeyCorp boosted their price target on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $200.20.

Texas Instruments 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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