Wilbanks Smith & Thomas Asset Management LLC Has $13.06 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wilbanks Smith & Thomas Asset Management LLC lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,635 shares of the semiconductor company's stock after selling 7,564 shares during the period. Wilbanks Smith & Thomas Asset Management LLC's holdings in Texas Instruments were worth $13,063,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TXN. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company's stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company's stock valued at $288,687,000 after buying an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company's stock valued at $306,008,000 after buying an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Texas Instruments in the third quarter worth $196,135,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company's stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on TXN shares. Stifel Nicolaus boosted their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a "hold" rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Wednesday, April 24th. KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Morgan Stanley boosted their target price on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $180.74.

Texas Instruments Price Performance

Shares of TXN traded down $1.22 during midday trading on Wednesday, reaching $175.20. The stock had a trading volume of 7,165,843 shares, compared to its average volume of 5,715,595. The company's 50-day moving average is $170.17 and its 200 day moving average is $162.71. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $159.52 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 3.82 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the business earned $1.85 EPS. The company's revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments's dividend payout ratio is presently 81.12%.

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.

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