American Trust Sells 6,248 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

American Trust trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 20.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,829 shares of the semiconductor company’s stock after selling 6,248 shares during the quarter. American Trust’s holdings in Texas Instruments were worth $4,922,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Texas Instruments by 51.6% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,467 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,200 shares in the last quarter. Swedbank AB increased its stake in shares of Texas Instruments by 42.9% in the second quarter. Swedbank AB now owns 247,328 shares of the semiconductor company’s stock valued at $48,113,000 after buying an additional 74,277 shares in the last quarter. Fiduciary Financial Group LLC bought a new position in shares of Texas Instruments in the second quarter valued at about $291,000. Miracle Mile Advisors LLC lifted its position in Texas Instruments by 7.3% during the 2nd quarter. Miracle Mile Advisors LLC now owns 8,647 shares of the semiconductor company’s stock worth $1,682,000 after buying an additional 591 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its holdings in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TXN. 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. Wells Fargo & Company started coverage on Texas Instruments in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 target price for the company. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Robert W. Baird cut their target price 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 equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus target price of $210.05.

Insider Activity

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

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $191.71 on Friday. 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 firm has a market cap of $174.88 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. The stock’s 50-day moving average is $202.35 and its 200-day moving average is $200.61. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for 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 business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Equities analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders 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 dividend yield of 2.84%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

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.