Independence Bank of Kentucky Has $1.66 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Independence Bank of Kentucky grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 74.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,845 shares of the semiconductor company’s stock after buying an additional 3,775 shares during the period. Independence Bank of Kentucky’s holdings in Texas Instruments were worth $1,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC raised its position in shares of Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock valued at $6,901,000 after acquiring an additional 7,424 shares during the last quarter. Townsquare Capital LLC increased its holdings in Texas Instruments by 5.9% in the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after purchasing an additional 5,201 shares during the last quarter. HB Wealth Management LLC lifted its stake in Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock valued at $18,724,000 after buying an additional 4,238 shares during the period. Swiss National Bank boosted its holdings in Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after buying an additional 8,100 shares during the last quarter. Finally, Philip James Wealth Mangement LLC grew its position in shares of Texas Instruments by 335.5% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 5,200 shares of the semiconductor company’s stock worth $1,074,000 after buying an additional 4,006 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $184.61 on Friday. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The stock has a market capitalization of $168.40 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business has a 50-day moving average of $191.69 and a 200-day moving average of $198.84.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 quarter last year, the business posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Robert W. Baird lowered their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Morgan Stanley increased their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $209.20.

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.