Independence Bank of Kentucky Has $1.66 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Independence Bank of Kentucky lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 74.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,845 shares of the semiconductor company’s stock after buying an additional 3,775 shares during the quarter. Independence Bank of Kentucky’s holdings in Texas Instruments were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in Texas Instruments during the 4th quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the third quarter worth about $28,000. Tsfg LLC increased its position in 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 during the period. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter valued at about $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $41,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on 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 completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock opened at $184.61 on Friday. The company has a market capitalization of $168.40 billion, a PE ratio of 35.57, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $191.69 and a two-hundred day moving average price of $198.84. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm posted $1.49 EPS. Analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TXN. Mizuho dropped their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Bank of America reduced their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments 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.