Wesbanco Bank Inc. Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wesbanco Bank Inc. lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,031 shares of the semiconductor company's stock after selling 1,567 shares during the period. Texas Instruments accounts for 1.0% of Wesbanco Bank Inc.'s investment portfolio, making the stock its 20th largest position. Wesbanco Bank Inc.'s holdings in Texas Instruments were worth $27,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. Vanguard Group Inc. grew its position in Texas Instruments by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after acquiring an additional 649,620 shares in the last quarter. Geode Capital Management LLC lifted its stake in Texas Instruments by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares in the last quarter. Norges Bank bought a new position in shares of Texas Instruments during the 4th quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. increased its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $192.42 on Monday. 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 stock has a market capitalization of $174.81 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. The business has a 50-day moving average of $168.87 and a 200 day moving average of $181.94. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given 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 2.83%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TXN shares. Wells Fargo & Company decreased 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. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $189.41.

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.

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