Private Trust Co. NA Reduces Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Private Trust Co. NA lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 6,727 shares of the semiconductor company’s stock after selling 230 shares during the period. Private Trust Co. NA’s holdings in Texas Instruments were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments during the 3rd quarter worth approximately $28,000. Financial Life Planners purchased a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC purchased a new position in Texas Instruments during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN opened at $196.02 on Friday. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a market capitalization of $178.44 billion, a P/E ratio of 37.77, a PEG ratio of 3.30 and a beta of 0.97. The business has a 50 day moving average price of $189.49 and a 200 day moving average price of $197.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company posted $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TXN shares. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $209.20.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

About Texas Instruments

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.