Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Willis Investment Counsel

Willis Investment Counsel cut its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,534 shares of the semiconductor company's stock after selling 23,361 shares during the quarter. Texas Instruments makes up approximately 2.8% of Willis Investment Counsel's portfolio, making the stock its 5th largest holding. Willis Investment Counsel's holdings in Texas Instruments were worth $41,247,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TXN. Brighton Jones LLC boosted its position in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $6,544,000. Stonebridge Financial Group LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $96,000. Sovran Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter worth approximately $481,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Texas Instruments by 35.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 505,874 shares of the semiconductor company's stock worth $94,573,000 after buying an additional 131,963 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the subject of several analyst reports. DZ Bank raised 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. JPMorgan Chase & Co. decreased 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. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Finally, Benchmark decreased their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $189.86.

Texas Instruments Stock Down 2.3%

Shares of Texas Instruments stock traded down $4.66 on Friday, hitting $195.00. 5,138,164 shares of the company traded hands, compared to its average volume of 6,367,122. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $177.15 billion, a PE ratio of 37.57, a PEG ratio of 3.30 and a beta of 1.00. The company has a 50-day moving average price of $171.94 and a 200 day moving average price of $182.19.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

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 of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.79%. Texas Instruments's dividend payout ratio is currently 103.23%.

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.