West Paces Advisors Inc. Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

West Paces Advisors Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,487 shares of the semiconductor company’s stock after selling 392 shares during the period. West Paces Advisors Inc.’s holdings in Texas Instruments were worth $1,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in Texas Instruments in the 1st quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after buying an additional 243,907 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new position in shares of Texas Instruments in the first quarter valued at about $337,000. Finally, Bridgefront Capital LLC bought a new position in shares of Texas Instruments during the first quarter valued at about $315,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $1.24 during trading on Tuesday, hitting $167.59. 3,388,848 shares of the company’s stock were exchanged, compared to its average volume of 5,484,377. The business has a 50-day simple moving average of $167.76 and a 200-day simple moving average of $161.62. The stock has a market capitalization of $152.52 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 3.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 73.65%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore ISI began coverage on Texas Instruments in a report on Tuesday. They set an “outperform” rating and a $213.00 target price for the company. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. TD Cowen boosted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. KeyCorp upped their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $176.68.

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.