Texas Instruments Incorporated (NASDAQ:TXN) Position Reduced by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 155,598 shares of the semiconductor company’s stock after selling 9,783 shares during the period. Texas Instruments comprises about 1.0% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 18th biggest holding. Wesbanco Bank Inc.’s holdings in Texas Instruments were worth $29,176,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the third quarter worth approximately $28,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at $27,000. Tsfg LLC raised its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP purchased a new stake in Texas Instruments in the 3rd quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Texas Instruments during the 3rd quarter worth about $41,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on TXN shares. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note 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 research note on Monday, January 13th. Truist Financial cut their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Stock Performance

Texas Instruments stock opened at $197.05 on Thursday. Texas Instruments Incorporated has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a fifty day moving average price of $193.97 and a two-hundred day moving average price of $199.58. The firm has a market capitalization of $179.75 billion, a P/E ratio of 36.63, a P/E/G ratio of 3.80 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.76%. Texas Instruments’s payout ratio is 101.12%.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the company’s 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 transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction dated 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 completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % 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.

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.