Westbourne Investment Advisors Inc. Trims Holdings in Texas Instruments Incorporated (TXN)

Westbourne Investment Advisors Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 17.0% in the first quarter, HoldingsChannel.com reports. The fund owned 2,445 shares of the semiconductor company’s stock after selling 500 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Texas Instruments were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Texas Instruments by 3.4% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock worth $284,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of Texas Instruments by 1.0% in the 4th quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 102 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Texas Instruments by 0.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock worth $1,868,000 after buying an additional 102 shares in the last quarter. Balasa Dinverno & Foltz LLC raised its holdings in shares of Texas Instruments by 1.2% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock worth $836,000 after buying an additional 103 shares in the last quarter. Finally, CAPROCK Group Inc. raised its holdings in shares of Texas Instruments by 0.6% in the 1st quarter. CAPROCK Group Inc. now owns 18,647 shares of the semiconductor company’s stock worth $1,978,000 after buying an additional 103 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.

TXN has been the subject of a number of recent research reports. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Bank of America cut Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 target price for the company. in a report on Friday, January 4th. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price target on shares of Texas Instruments in a report on Wednesday, January 23rd. Finally, Deutsche Bank dropped their price target on Texas Instruments to $100.00 and set a “hold” rating for the company in a report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.40.

TXN stock traded down $2.20 during midday trading on Monday, reaching $114.56. 205,952 shares of the company’s stock traded hands, compared to its average volume of 5,058,610. Texas Instruments Incorporated has a 1-year low of $87.70 and a 1-year high of $118.48. The stock has a market capitalization of $109.59 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. On average, equities analysts expect that Texas Instruments Incorporated will post 5.19 earnings per share for the current fiscal year.

In other Texas Instruments news, VP Ahmad Bahai sold 5,165 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $107.30, for a total value of $554,204.50. Following the transaction, the vice president now directly owns 41,911 shares in the company, valued at approximately $4,497,050.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 90,842 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total value of $9,187,759.88. The disclosure for this sale can be found here. Insiders sold a total of 256,061 shares of company stock worth $26,536,471 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

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Texas Instruments Profile

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

See Also: Sell-Side Analysts

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

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