Texas Instruments Incorporated (NASDAQ:TXN) Position Boosted by Tompkins Financial Corp

Tompkins Financial Corp increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 23.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,948 shares of the semiconductor company’s stock after acquiring an additional 750 shares during the period. Tompkins Financial Corp’s holdings in Texas Instruments were worth $740,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter valued at about $28,000. Tsfg LLC boosted its position in shares of Texas Instruments by 82.0% in the third 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 stake in Texas Instruments in the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new stake in shares of Texas Instruments in the third quarter valued at about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $43,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $187.37 on Friday. The firm has a market capitalization of $170.92 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The firm’s 50 day simple moving average is $195.95 and its 200 day simple moving average is $199.74. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.90%. Texas Instruments’s payout ratio is currently 101.12%.

Insider Activity

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TXN shares. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. 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 stock has a consensus rating of “Hold” and an average target price of $209.71.

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.