Norway Savings Bank Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

Norway Savings Bank reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the semiconductor company’s stock after selling 480 shares during the quarter. Norway Savings Bank’s holdings in Texas Instruments were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bangor Savings Bank raised its holdings in shares of Texas Instruments by 13.7% in the fourth quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company’s stock worth $152,000 after buying an additional 98 shares during the period. Advance Capital Management Inc. lifted its position in shares of Texas Instruments by 41.8% during the fourth quarter. Advance Capital Management Inc. now owns 1,394 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 411 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of Texas Instruments by 7.5% during the fourth quarter. Insight Wealth Strategies LLC now owns 12,116 shares of the semiconductor company’s stock valued at $2,272,000 after purchasing an additional 850 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Texas Instruments by 0.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 17,948 shares of the semiconductor company’s stock worth $3,365,000 after purchasing an additional 112 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Texas Instruments by 0.8% in the 4th quarter. GAMMA Investing LLC now owns 15,641 shares of the semiconductor company’s stock worth $2,933,000 after buying an additional 122 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Up 0.2 %

Shares of NASDAQ TXN traded up $0.43 during mid-day trading on Tuesday, hitting $192.61. The company had a trading volume of 1,663,632 shares, compared to its average volume of 3,835,691. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a market capitalization of $175.70 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The business’s 50-day simple moving average is $197.96 and its 200 day simple moving average is $199.86.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of research reports. Bank of America reduced their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays decreased their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $210.05.

Insiders Place Their Bets

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

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.