First National Bank of Mount Dora Trust Investment Services Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,344 shares of the semiconductor company’s stock after purchasing an additional 617 shares during the quarter. Texas Instruments comprises about 2.3% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 10th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Texas Instruments were worth $9,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TXN. Seven Eight Capital LP acquired a new position in Texas Instruments in the 2nd quarter valued at $1,185,000. XTX Topco Ltd acquired a new position in Texas Instruments in the 2nd quarter valued at $1,742,000. ProVise Management Group LLC grew its stake in Texas Instruments by 5.2% in the 2nd quarter. ProVise Management Group LLC now owns 8,908 shares of the semiconductor company’s stock valued at $1,733,000 after buying an additional 442 shares during the last quarter. Cowa LLC acquired a new position in Texas Instruments in the 2nd quarter valued at $219,000. Finally, Intech Investment Management LLC grew its stake in Texas Instruments by 5.9% in the 2nd quarter. Intech Investment Management LLC now owns 23,106 shares of the semiconductor company’s stock valued at $4,495,000 after buying an additional 1,289 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 2.7 %

Shares of TXN stock opened at $192.42 on Friday. Texas Instruments Incorporated has a 12-month low of $155.46 and a 12-month high of $220.38. The company has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $195.35 and a 200 day moving average price of $199.65.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. Research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 101.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Susquehanna decreased their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Morgan Stanley raised their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Bank of America decreased their price target 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. Finally, Robert W. Baird decreased their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $209.71.

Insiders Place Their Bets

In related news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

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.