West Oak Capital LLC Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

West Oak Capital LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,870 shares of the semiconductor company’s stock after selling 1,375 shares during the quarter. West Oak Capital LLC’s holdings in Texas Instruments were worth $2,122,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Procyon Advisors LLC lifted its position in Texas Instruments by 80.7% during the fourth quarter. Procyon Advisors LLC now owns 11,016 shares of the semiconductor company’s stock valued at $1,878,000 after purchasing an additional 4,919 shares during the last quarter. First National Corp MA ADV lifted its holdings in shares of Texas Instruments by 11.6% during the 4th quarter. First National Corp MA ADV now owns 2,547 shares of the semiconductor company’s stock worth $434,000 after acquiring an additional 264 shares during the last quarter. Planned Solutions Inc. purchased a new position in Texas Instruments in the fourth quarter worth $175,000. Threadgill Financial LLC increased its stake in Texas Instruments by 1.1% in the fourth quarter. Threadgill Financial LLC now owns 8,482 shares of the semiconductor company’s stock valued at $1,446,000 after acquiring an additional 90 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. raised its position in Texas Instruments by 1.8% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 250,819 shares of the semiconductor company’s stock valued at $42,755,000 after purchasing an additional 4,429 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 0.8 %

NASDAQ:TXN traded up $1.38 during trading hours on Thursday, hitting $174.25. The company had a trading volume of 1,077,714 shares, compared to its average volume of 5,638,096. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a market capitalization of $158.58 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. The stock has a 50-day moving average price of $166.42 and a 200 day moving average price of $160.78.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.98%. Texas Instruments’s dividend payout ratio is presently 73.65%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research reports. KeyCorp upped their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Susquehanna reduced their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Finally, UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $173.89.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

About Texas Instruments

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.