Woodley Farra Manion Portfolio Management Inc. Has $5.54 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Woodley Farra Manion Portfolio Management Inc. reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,178 shares of the semiconductor company’s stock after selling 779 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Texas Instruments were worth $5,537,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. lifted its holdings in Texas Instruments by 280.6% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after buying an additional 101 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Stuart Chaussee & Associates Inc. increased its stake in Texas Instruments by 81.7% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Widmann Financial Services Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $30,000. 83.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXN has been the topic of several recent research reports. Bank of America lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the company from $190.00 to $175.00 in a report on Wednesday, June 29th. KeyCorp decreased their price objective on shares of Texas Instruments from $240.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 27th. StockNews.com upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Truist Financial reduced their price target on shares of Texas Instruments from $189.00 to $172.00 in a report on Wednesday, April 27th. Finally, Jefferies Financial Group reduced their target price on Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $182.43.

Insiders Place Their Bets

In other Texas Instruments news, VP Hagop H. Kozanian sold 5,904 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $170.23, for a total transaction of $1,005,037.92. Following the completion of the sale, the vice president now directly owns 44,885 shares in the company, valued at $7,640,773.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert E. Sanchez sold 12,299 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the sale, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Hagop H. Kozanian sold 5,904 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $170.23, for a total transaction of $1,005,037.92. Following the completion of the transaction, the vice president now directly owns 44,885 shares in the company, valued at $7,640,773.55. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Texas Instruments Trading Up 6.7 %

NASDAQ:TXN opened at $171.54 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.73 and a current ratio of 5.54. The stock has a market cap of $158.18 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. Texas Instruments Incorporated has a one year low of $144.46 and a one year high of $202.26. The business’s 50-day simple moving average is $160.92 and its 200 day simple moving average is $169.91.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.18. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 8.71 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Monday, August 1st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, July 29th. Texas Instruments’s dividend payout ratio (DPR) is presently 52.63%.

Texas Instruments Profile

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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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