Texas Instruments Incorporated (NASDAQ:TXN) Holdings Reduced by 1ST Source Bank

1ST Source Bank decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,431 shares of the semiconductor company’s stock after selling 116 shares during the period. 1ST Source Bank’s holdings in Texas Instruments were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the 4th quarter worth about $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the 3rd quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 2.0 %

Shares of NASDAQ:TXN opened at $179.99 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The company has a market cap of $163.78 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39. The firm has a 50 day simple moving average of $188.36 and a 200 day simple moving average of $196.07.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the company posted $1.49 earnings per share. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last quarter. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

TXN has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays decreased their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.