Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Reduced by Westwood Management Corp IL

Westwood Management Corp IL lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,400 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Texas Instruments comprises 1.3% of Westwood Management Corp IL’s portfolio, making the stock its 18th largest position. Westwood Management Corp IL’s holdings in Texas Instruments were worth $9,915,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TXN. Comerica Securities Inc. boosted its stake in shares of Texas Instruments by 5.3% in the 4th quarter. Comerica Securities Inc. now owns 18,627 shares of the semiconductor company’s stock valued at $1,760,000 after buying an additional 944 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Texas Instruments by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,063,272 shares of the semiconductor company’s stock valued at $289,481,000 after purchasing an additional 34,606 shares during the period. XR Securities LLC acquired a new position in shares of Texas Instruments in the first quarter valued at approximately $490,000. Forte Capital LLC ADV increased its holdings in shares of Texas Instruments by 1.1% in the first quarter. Forte Capital LLC ADV now owns 10,779 shares of the semiconductor company’s stock valued at $1,143,000 after purchasing an additional 116 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Texas Instruments in the first quarter valued at approximately $5,124,000. Institutional investors and hedge funds own 85.51% of the company’s stock.

TXN traded up $0.95 on Tuesday, reaching $117.88. The company’s stock had a trading volume of 180,057 shares, compared to its average volume of 5,430,202. The firm has a market cap of $110.48 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $130.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The firm has a 50 day moving average of $118.17.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. Texas Instruments’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 earnings per share. Research analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, July 30th. Texas Instruments’s dividend payout ratio is presently 56.83%.

In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 6,185 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the transaction, the senior vice president now owns 62,417 shares of the company’s stock, valued at approximately $8,003,107.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $128.31, for a total value of $57,739,500.00. Following the transaction, the insider now directly owns 243,755 shares in the company, valued at approximately $31,276,204.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is currently owned by company insiders.

TXN has been the topic of a number of analyst reports. Loop Capital lifted their price target on Texas Instruments to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Oppenheimer lifted their price target on Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Robert W. Baird lifted their price target on Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, UBS Group restated a “sell” rating and issued a $90.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.74.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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