Valley Wealth Managers Inc. Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Valley Wealth Managers Inc. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,514 shares of the semiconductor company's stock after selling 2,108 shares during the quarter. Valley Wealth Managers Inc.'s holdings in Texas Instruments were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in Texas Instruments by 1.1% in the 4th quarter. Venturi Wealth Management LLC now owns 75,816 shares of the semiconductor company's stock worth $14,216,000 after purchasing an additional 807 shares during the period. Truist Financial Corp raised its holdings in Texas Instruments by 5.6% in the 4th quarter. Truist Financial Corp now owns 248,568 shares of the semiconductor company's stock worth $46,609,000 after purchasing an additional 13,230 shares during the period. CIBC Asset Management Inc raised its holdings in Texas Instruments by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 313,959 shares of the semiconductor company's stock worth $58,870,000 after purchasing an additional 7,671 shares during the period. Nicholas Hoffman & Company LLC. raised its holdings in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company's stock worth $961,000 after purchasing an additional 778 shares during the period. Finally, Americana Partners LLC raised its holdings in Texas Instruments by 11.4% in the 4th quarter. Americana Partners LLC now owns 18,013 shares of the semiconductor company's stock worth $3,378,000 after purchasing an additional 1,849 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Trading Down 1.0 %

TXN traded down $1.96 on Friday, hitting $202.00. The company had a trading volume of 7,349,861 shares, compared to its average volume of 6,488,266. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $183.89 billion, a PE ratio of 38.92, a PEG ratio of 3.17 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. The business's fifty day simple moving average is $188.44 and its 200 day simple moving average is $197.42.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the company earned $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st 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 Friday, January 31st. Texas Instruments's dividend payout ratio is presently 104.82%.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments 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 directly owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TXN shares. Mizuho decreased their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Barclays decreased their target price on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $209.20.

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.