Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,129 shares of the semiconductor company’s stock after selling 181 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Texas Instruments were worth $704,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC grew its position in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Finally, Riverview Trust Co lifted its holdings in Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 66 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on TXN shares. Evercore ISI started coverage on Texas Instruments in a research report on Tuesday. They set an “outperform” rating and a $213.00 price target on the stock. TD Cowen upped their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Susquehanna decreased their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $176.68.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

NASDAQ:TXN traded down $3.99 during trading hours on Friday, reaching $159.68. 10,497,553 shares of the company’s stock were exchanged, compared to its average volume of 4,262,205. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $145.32 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The business’s 50-day simple moving average is $168.10 and its two-hundred day simple moving average is $161.72.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

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.