Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,312 shares of the semiconductor company’s stock after selling 9,396 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Texas Instruments were worth $23,224,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TXN. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the fourth quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments in the 4th quarter valued at about $31,000. Finally, Westend Capital Management LLC acquired a new position in Texas Instruments in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $5.87 during mid-day trading on Friday, reaching $187.46. The stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The firm has a market capitalization of $171.16 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 4.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The business has a 50 day simple moving average of $197.84 and a 200 day simple moving average of $180.87.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the company earned $1.87 EPS. The business’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.77%. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

TXN has been the subject of a number of research reports. Truist Financial lifted their price objective on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lifted their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Citigroup increased their price target on shares of Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities increased their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Company 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.