Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Commerce Bank

Commerce Bank trimmed its position in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 569,709 shares of the semiconductor company’s stock after selling 13,637 shares during the period. Commerce Bank’s holdings in Texas Instruments were worth $88,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Scotia Capital Inc. grew its position in Texas Instruments by 6.0% during the 2nd quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company’s stock worth $6,688,000 after purchasing an additional 2,483 shares during the period. Bailard Inc. grew its position in Texas Instruments by 0.7% during the 3rd quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company’s stock worth $12,220,000 after purchasing an additional 587 shares during the period. Commonwealth Equity Services LLC grew its position in Texas Instruments by 12.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company’s stock worth $31,845,000 after purchasing an additional 22,796 shares during the period. Capital Investment Advisors LLC grew its position in Texas Instruments by 11.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company’s stock worth $6,253,000 after purchasing an additional 4,236 shares during the period. Finally, Cetera Advisor Networks LLC grew its position in Texas Instruments by 13.8% during the 2nd quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company’s stock worth $5,047,000 after purchasing an additional 3,972 shares during the period. 83.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the sale, the vice president now owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Texas Instruments Stock Down 0.6 %

TXN stock opened at $177.04 on Wednesday. The company has a market cap of $160.68 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. Texas Instruments Incorporated has a 12 month low of $144.46 and a 12 month high of $191.34. The firm has a 50-day moving average of $172.92 and a two-hundred day moving average of $168.62.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. As a group, analysts forecast that Texas Instruments Incorporated will post 9.23 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a $1.24 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.80%. Texas Instruments’s payout ratio is 51.99%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TXN shares. Oppenheimer cut their price target on Texas Instruments from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, October 21st. Benchmark increased their target price on shares of Texas Instruments from $189.00 to $203.00 in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Texas Instruments from $160.00 to $152.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 26th. Mizuho increased their target price on shares of Texas Instruments from $159.00 to $165.00 in a research note on Wednesday. Finally, Citigroup increased their target price on shares of Texas Instruments from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $178.58.

About Texas Instruments

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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