Private Trust Co. NA Cuts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Private Trust Co. NA cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,727 shares of the semiconductor company’s stock after selling 230 shares during the quarter. Private Trust Co. NA’s holdings in Texas Instruments were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $41,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN opened at $196.02 on Friday. The stock’s 50-day moving average price is $189.49 and its 200 day moving average price is $197.68. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.38. 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 firm has a market cap of $178.44 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) 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 expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the subject of several research reports. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial dropped their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Mizuho lowered their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.