Cadence Bank Sells 251 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cadence Bank trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 12,565 shares of the semiconductor company’s stock after selling 251 shares during the quarter. Cadence Bank’s holdings in Texas Instruments were worth $2,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TXN. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC lifted its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in Texas Instruments during the third quarter worth $39,000. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments in the third quarter worth $43,000. Finally, Darwin Wealth Management LLC bought a new stake in Texas Instruments in the third quarter valued at $45,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research analyst reports. Mizuho set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, October 18th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Susquehanna lowered their target price on 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 reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Bank of America decreased their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $200.95 on Wednesday. The business’s fifty day moving average is $204.53 and its 200 day moving average is $200.71. The firm has a market cap of $183.31 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 52-week low of $151.27 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion for 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 for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 earnings per share. Research analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

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

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

About Texas Instruments

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.