Willis Investment Counsel Has $47.42 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Willis Investment Counsel lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 252,895 shares of the semiconductor company’s stock after buying an additional 1,022 shares during the quarter. Texas Instruments accounts for 3.1% of Willis Investment Counsel’s portfolio, making the stock its 3rd biggest holding. Willis Investment Counsel’s holdings in Texas Instruments were worth $47,420,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TXN. Centaurus Financial Inc. raised its holdings in Texas Instruments by 10.5% in the 2nd quarter. Centaurus Financial Inc. now owns 2,537 shares of the semiconductor company’s stock valued at $494,000 after acquiring an additional 241 shares in the last quarter. Czech National Bank increased its holdings in Texas Instruments by 7.2% in the 3rd quarter. Czech National Bank now owns 185,997 shares of the semiconductor company’s stock valued at $38,421,000 after buying an additional 12,496 shares during the period. GAMMA Investing LLC raised its position in shares of Texas Instruments by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 15,519 shares of the semiconductor company’s stock valued at $3,206,000 after buying an additional 2,532 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of Texas Instruments by 1.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 12,586 shares of the semiconductor company’s stock worth $2,600,000 after acquiring an additional 188 shares during the period. Finally, Diversified Trust Co increased its stake in Texas Instruments by 30.3% in the third quarter. Diversified Trust Co now owns 8,746 shares of the semiconductor company’s stock valued at $1,807,000 after acquiring an additional 2,033 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TXN shares. Wells Fargo & Company reduced their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Barclays lowered their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $184.61 on Monday. The company has a market cap of $168.40 billion, a P/E ratio of 35.57, a PEG ratio of 2.94 and a beta of 0.97. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $191.69 and a two-hundred day moving average price of $198.78. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the firm earned $1.49 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.95%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.