Weil Company Inc. Sells 1,890 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Weil Company Inc. trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 54.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $27,000. Cloud Capital Management LLC bought a new position in Texas Instruments during the 1st quarter worth $28,000. Copia Wealth Management bought a new stake in Texas Instruments in the 4th quarter valued at about $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the 1st quarter worth approximately $34,000. Finally, Atala Financial Inc bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $37,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.7%

Shares of Texas Instruments stock traded up $1.59 during trading on Friday, reaching $221.25. 5,394,922 shares of the company traded hands, compared to its average volume of 6,452,512. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market capitalization of $201.00 billion, a PE ratio of 41.98, a P/E/G ratio of 3.58 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.68. The company has a 50 day moving average price of $192.98 and a 200-day moving average price of $184.11.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Analysts Set New Price Targets

TXN has been the subject of several recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $216.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, KeyCorp boosted their price target on Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $202.08.

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.