Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 246,459 shares of the semiconductor company's stock after selling 3,963 shares during the quarter. Texas Instruments accounts for approximately 2.1% of Dixon Mitchell Investment Counsel Inc.'s investment portfolio, making the stock its 21st largest position. Dixon Mitchell Investment Counsel Inc.'s holdings in Texas Instruments were worth $46,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the third quarter worth approximately $28,000. Tsfg LLC boosted its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments in the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the third quarter worth about $43,000. Institutional investors own 84.99% of the company's stock.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company's stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Stock Down 5.1 %

Shares of Texas Instruments stock traded down $10.14 during trading on Thursday, reaching $187.37. The company's stock had a trading volume of 7,458,264 shares, compared to its average volume of 5,305,045. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a 50-day simple moving average of $195.95 and a two-hundred day simple moving average of $199.74. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $170.92 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period last year, the business posted $1.80 earnings per share. The firm's revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.90%. Texas Instruments's dividend payout ratio is presently 101.12%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday. Susquehanna reduced 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. Bank of America lowered their target price on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Finally, Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $209.71.

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.