Kesler Norman & Wride LLC Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

Kesler Norman & Wride LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,699 shares of the semiconductor company’s stock after selling 282 shares during the period. Texas Instruments comprises 1.4% of Kesler Norman & Wride LLC’s investment portfolio, making the stock its 23rd largest position. Kesler Norman & Wride LLC’s holdings in Texas Instruments were worth $6,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Finally, Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth $31,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. Insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded up $0.52 during trading on Thursday, hitting $198.94. 2,454,756 shares of the stock were exchanged, compared to its average volume of 4,417,241. The stock’s fifty day moving average is $192.03 and its 200 day moving average is $175.93. The stock has a market cap of $181.13 billion, a PE ratio of 31.04, a P/E/G ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $206.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

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

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Citigroup upped their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, May 13th. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Finally, Susquehanna upped their price target 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. Four 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 data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $183.43.

About Texas Instruments

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.