Western Wealth Management LLC Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Western Wealth Management LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Blossom Wealth Management increased its position in shares of Texas Instruments by 5.1% during the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock worth $213,000 after acquiring an additional 55 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares during the last quarter. OLD Second National Bank of Aurora grew its stake in Texas Instruments by 11.1% in the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock valued at $107,000 after purchasing an additional 57 shares during the period. Voya Financial Advisors Inc. grew its position in Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after buying an additional 58 shares during the period. Finally, Avitas Wealth Management LLC increased its stake in shares of Texas Instruments by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock worth $2,032,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $1.40 during mid-day trading on Wednesday, reaching $184.64. 2,024,031 shares of the company were exchanged, compared to its average volume of 6,307,534. The stock has a market capitalization of $167.74 billion, a PE ratio of 35.55, a PEG ratio of 3.30 and a beta of 0.97. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company's 50 day moving average price is $167.91 and its 200 day moving average price is $183.11.

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 for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business posted $1.10 EPS. The business's quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXN. Rosenblatt Securities restated a "buy" rating and issued a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reissued an "underweight" rating and issued a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. KeyCorp dropped their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Finally, Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.