Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 53.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150 shares of the semiconductor company’s stock after selling 172 shares during the period. Westside Investment Management Inc.’s holdings in Texas Instruments were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Cantor Fitzgerald increased their price objective on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Jefferies Financial Group downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and cut their price objective for the company from $200.00 to $175.00 in a report on Monday, May 13th. Susquehanna increased their price objective 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. Finally, Truist Financial increased their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $183.43.

Insider Buying and Selling

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total transaction of $18,286,320.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $71,009,121.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $198.94 on Friday. 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 stock has a market capitalization of $181.13 billion, a P/E ratio of 31.04, a PEG ratio of 4.31 and a beta of 0.99. The company has a 50 day moving average price of $192.03 and a 200 day moving average price of $175.93. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $206.00.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s payout ratio is currently 81.12%.

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.