Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 11.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,376 shares of the semiconductor company’s stock after selling 428 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Texas Instruments were worth $607,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Brighton Jones LLC increased its position in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Texas Instruments during the fourth quarter worth about $6,544,000. Stephens Inc. AR lifted its holdings in Texas Instruments by 12.5% in the fourth quarter. Stephens Inc. AR now owns 30,436 shares of the semiconductor company’s stock valued at $5,707,000 after acquiring an additional 3,372 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in Texas Instruments by 18.2% during the fourth quarter. Angeles Wealth Management LLC now owns 1,543 shares of the semiconductor company’s stock worth $289,000 after buying an additional 238 shares during the period. Finally, Savant Capital LLC raised its stake in shares of Texas Instruments by 2.2% in the 4th quarter. Savant Capital LLC now owns 25,818 shares of the semiconductor company’s stock valued at $4,841,000 after acquiring an additional 552 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Citigroup raised their price objective on Texas Instruments from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a research report on Friday, April 25th. Finally, Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Stock Performance

Shares of TXN stock opened at $202.29 on Wednesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The stock has a market cap of $183.77 billion, a PE ratio of 38.98, a P/E/G ratio of 3.30 and a beta of 1.00. The stock has a fifty day moving average price of $170.06 and a 200 day moving average price of $182.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the company posted $1.10 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s payout ratio is 103.23%.

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.