Edgar Lomax Co. VA Decreases Position in Texas Instruments Incorporated (NASDAQ:TXN)

Edgar Lomax Co. VA trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,323 shares of the semiconductor company's stock after selling 8,260 shares during the period. Texas Instruments makes up about 2.2% of Edgar Lomax Co. VA's holdings, making the stock its 19th largest holding. Edgar Lomax Co. VA's holdings in Texas Instruments were worth $33,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Texas Instruments in the fourth quarter worth $31,000. Finally, AMH Equity Ltd acquired a new stake in shares of Texas Instruments in the third quarter valued at about $32,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday, April 24th. Benchmark reissued a "buy" rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Jefferies Financial Group cut Texas Instruments from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $200.00 to $175.00 in a research report on Monday, May 13th. Finally, Susquehanna upped their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $182.48.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last three months. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Down 0.1 %

Shares of NASDAQ:TXN traded down $0.19 during midday trading on Tuesday, hitting $199.01. 5,213,254 shares of the company's stock traded hands, compared to its average volume of 5,608,812. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $199.30. The firm's fifty day moving average price is $175.50 and its two-hundred day moving average price is $166.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a market cap of $181.19 billion, a PE ratio of 31.05, a P/E/G ratio of 4.19 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. Texas Instruments's dividend payout ratio (DPR) 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.