Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,794 shares of the semiconductor company’s stock after buying an additional 107 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Texas Instruments were worth $2,926,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $26,000. Finally, Westend Capital Management LLC acquired a new position in Texas Instruments during the first quarter worth about $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $0.41 during trading on Monday, reaching $195.12. The company had a trading volume of 963,021 shares, compared to its average volume of 5,576,573. The firm’s fifty day moving average is $187.33 and its 200 day moving average is $174.14. 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 firm has a market capitalization of $177.65 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 4.18 and a beta of 1.00. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TXN shares. Barclays lifted their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. raised their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Cantor Fitzgerald lifted their price objective on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group downgraded Texas Instruments from a “buy” rating to a “hold” rating and cut their price target for the company from $200.00 to $175.00 in a report on Monday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $183.43.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction 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 sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

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.