VCI Wealth Management LLC Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

VCI Wealth Management LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,027 shares of the semiconductor company’s stock after selling 1,413 shares during the quarter. VCI Wealth Management LLC’s holdings in Texas Instruments were worth $1,693,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TXN. Kathmere Capital Management LLC purchased a new stake in Texas Instruments during the 2nd quarter worth about $259,000. Ascent Group LLC increased its holdings in shares of Texas Instruments by 3.5% in the 2nd quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock valued at $475,000 after acquiring an additional 83 shares during the last quarter. Creative Planning increased its holdings in shares of Texas Instruments by 12.5% in the 2nd quarter. Creative Planning now owns 197,046 shares of the semiconductor company’s stock valued at $38,331,000 after acquiring an additional 21,946 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Texas Instruments by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 60,679 shares of the semiconductor company’s stock valued at $11,804,000 after acquiring an additional 425 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at about $292,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.8 %

TXN opened at $187.03 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The business has a 50 day simple moving average of $193.38 and a 200-day simple moving average of $199.43. The stock has a market capitalization of $170.61 billion, a P/E ratio of 34.76, a P/E/G ratio of 3.84 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same period in the previous year, the company posted $1.49 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s payout ratio is currently 101.12%.

Analyst Ratings Changes

A number of research analysts have recently commented on TXN shares. Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Robert W. Baird decreased their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by company 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.