Canandaigua National Bank & Trust Co. Sells 2,076 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Canandaigua National Bank & Trust Co. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,610 shares of the semiconductor company’s stock after selling 2,076 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Texas Instruments were worth $4,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $28,000. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC acquired a new position in Texas Instruments in the 3rd quarter worth $41,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Texas Instruments in the third quarter valued at about $43,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Texas Instruments Price Performance

TXN traded up $1.67 during trading on Monday, reaching $192.18. The stock had a trading volume of 4,645,084 shares, compared to its average volume of 3,948,666. The business has a 50-day moving average of $198.24 and a 200-day moving average of $199.86. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a market cap of $175.31 billion, a PE ratio of 35.72, a PEG ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued 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 2.83%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

Several research firms have commented on TXN. Bank of America cut their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Susquehanna decreased their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Company 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.