Western Wealth Management LLC Has $1.30 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Western Wealth Management LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,947 shares of the semiconductor company's stock after selling 3,424 shares during the period. Western Wealth Management LLC's holdings in Texas Instruments were worth $1,303,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TXN. Promus Capital LLC acquired a new position in Texas Instruments during the fourth quarter valued at $25,000. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the fourth quarter valued at about $28,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments in the fourth quarter valued at about $37,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on TXN. Truist Financial lowered their target price 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. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. 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 research note on Thursday, April 24th. Cantor Fitzgerald decreased their price target on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus decreased their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $189.41.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This trade represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ TXN traded up $6.95 during trading hours on Tuesday, reaching $183.25. 7,934,596 shares of the company's stock were exchanged, compared to its average volume of 7,668,924. The stock has a market cap of $166.48 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $220.38. The firm has a fifty day moving average of $167.86 and a 200-day moving average of $183.11. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS 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%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.97%. Texas Instruments's payout ratio is 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.