Westwood Holdings Group Inc. Sells 513 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Westwood Holdings Group Inc. lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,799 shares of the semiconductor company’s stock after selling 513 shares during the period. Westwood Holdings Group Inc.’s holdings in Texas Instruments were worth $25,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Westend Capital Management LLC bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $31,000. Norwood Financial Corp bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 98 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Truist Financial dropped their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Morgan Stanley increased their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. KeyCorp increased their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $204.67.

Texas Instruments Trading Down 2.1 %

TXN opened at $203.30 on Friday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a market cap of $185.10 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 4.31 and a beta of 0.99. The company has a fifty day moving average of $200.78 and a 200-day moving average of $189.98. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the company posted $1.87 earnings per share. The business’s quarterly revenue was down 15.6% on a year-over-year basis. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.68%. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.