First National Trust Co Cuts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

First National Trust Co lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,935 shares of the semiconductor company’s stock after selling 2,526 shares during the period. First National Trust Co’s holdings in Texas Instruments were worth $7,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hanson & Doremus Investment Management lifted its stake in shares of Texas Instruments by 5.2% in the third quarter. Hanson & Doremus Investment Management now owns 1,977 shares of the semiconductor company’s stock worth $314,000 after buying an additional 97 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Texas Instruments by 4.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,309 shares of the semiconductor company’s stock worth $1,162,000 after purchasing an additional 338 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Texas Instruments by 29.0% during the 3rd quarter. NorthRock Partners LLC now owns 3,701 shares of the semiconductor company’s stock worth $588,000 after purchasing an additional 831 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Texas Instruments by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 441,784 shares of the semiconductor company’s stock valued at $70,248,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in shares of Texas Instruments by 1.1% in the third quarter. Guyasuta Investment Advisors Inc. now owns 140,595 shares of the semiconductor company’s stock valued at $22,356,000 after purchasing an additional 1,597 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

Shares of TXN traded up $3.11 during mid-day trading on Friday, reaching $178.91. 4,545,090 shares of the company’s stock were exchanged, compared to its average volume of 6,059,944. The business’s fifty day simple moving average is $170.68 and its 200-day simple moving average is $162.98. The stock has a market capitalization of $162.89 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.81 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Evercore ISI upped their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group upped their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 228,529 shares of company stock worth $40,502,458 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

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.