Dixon Mitchell Investment Counsel Inc. Sells 3,963 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Dixon Mitchell Investment Counsel Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 246,459 shares of the semiconductor company’s stock after selling 3,963 shares during the quarter. Texas Instruments comprises about 2.1% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 21st largest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Texas Instruments were worth $46,214,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Texas Instruments by 49.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,580 shares of the semiconductor company’s stock valued at $3,296,000 after purchasing an additional 5,791 shares during the last quarter. Heritage Family Offices LLP boosted its stake in Texas Instruments by 3.6% during the fourth quarter. Heritage Family Offices LLP now owns 6,974 shares of the semiconductor company’s stock worth $1,308,000 after acquiring an additional 245 shares in the last quarter. Flywheel Private Wealth LLC acquired a new stake in Texas Instruments in the fourth quarter worth $301,000. Winch Advisory Services LLC increased its stake in Texas Instruments by 2.4% in the fourth quarter. Winch Advisory Services LLC now owns 7,487 shares of the semiconductor company’s stock valued at $1,404,000 after purchasing an additional 172 shares in the last quarter. Finally, Rovin Capital UT ADV boosted its position in shares of Texas Instruments by 29.6% during the 4th quarter. Rovin Capital UT ADV now owns 1,313 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley boosted their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Stock Down 1.3 %

Shares of NASDAQ:TXN opened at $195.04 on Thursday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $196.30 and its 200-day moving average price is $199.76. The stock has a market capitalization of $177.92 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98.

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