West Paces Advisors Inc. Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

West Paces Advisors Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at about $1,548,365,000. Moneta Group Investment Advisors LLC increased its stake in Texas Instruments by 60,024.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after buying an additional 8,349,393 shares during the period. Morgan Stanley lifted its stake in shares of Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after acquiring an additional 5,191,426 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after acquiring an additional 1,779,273 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Up 0.7 %

TXN traded up $1.24 during midday trading on Tuesday, hitting $167.59. 3,388,848 shares of the company’s stock traded hands, compared to its average volume of 5,484,377. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The company has a market cap of $152.52 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The stock’s fifty day simple moving average is $167.76 and its 200-day simple moving average is $161.62.

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 the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The firm’s revenue was down 12.7% on a year-over-year basis. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Analyst Ratings Changes

TXN has been the subject of a number of research analyst reports. Mizuho cut their price target on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Morgan Stanley raised their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Cantor Fitzgerald raised their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. TD Cowen lifted their target price on Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Finally, Truist Financial decreased their target price on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.