Northwest Bancshares Inc. Sells 140 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Northwest Bancshares Inc. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,939 shares of the semiconductor company’s stock after selling 140 shares during the period. Northwest Bancshares Inc.’s holdings in Texas Instruments were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TXN. Capital Research Global Investors increased its holdings in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. International Assets Investment Management LLC raised its position in Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after purchasing an additional 609,905 shares during the last quarter. National Bank of Canada FI boosted its stake in Texas Instruments by 234.1% in the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after purchasing an additional 520,073 shares in the last quarter. Finally, William Blair Investment Management LLC grew its holdings in shares of Texas Instruments by 37.2% during the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after purchasing an additional 451,862 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 10.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s 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 transaction, the director now directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,548 shares of company stock worth $5,341,235. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

TXN stock opened at $201.07 on Wednesday. The company’s 50-day moving average price is $204.54 and its two-hundred day moving average price is $200.17. The firm has a market cap of $183.42 billion, a P/E ratio of 37.37, a P/E/G ratio of 4.40 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38.

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

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is 101.12%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TXN shares. Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. KeyCorp increased their price objective on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $206.95.

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.