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

VCI Wealth Management LLC cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 hedge funds also recently modified their holdings of the business. Cahill Financial Advisors Inc. grew its holdings in shares of Texas Instruments by 3.5% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company's stock worth $298,000 after purchasing an additional 49 shares in the last quarter. KCM Investment Advisors LLC boosted its stake in Texas Instruments by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock worth $738,000 after buying an additional 50 shares in the last quarter. Lansing Street Advisors increased its holdings in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock valued at $233,000 after buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after buying an additional 52 shares in the last quarter. Finally, ABLE Financial Group LLC lifted its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 52 shares during the period. 84.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on TXN shares. Evercore ISI upped their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Mizuho cut their target price on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a 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 $209.20.

Texas Instruments Stock Performance

Shares of TXN traded down $6.46 during mid-day trading on Tuesday, hitting $180.57. 8,680,509 shares of the company's stock were exchanged, compared to its average volume of 7,371,125. The stock's 50-day simple moving average is $192.97 and its 200-day simple moving average is $199.34. The firm has a market cap of $164.72 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 3.01%. Texas Instruments's payout ratio is currently 101.12%.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of the business's stock in a transaction dated 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 transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company's stock.

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.