City Holding Co. Sells 1,509 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

City Holding Co. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 15.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,152 shares of the semiconductor company’s stock after selling 1,509 shares during the period. City Holding Co.’s holdings in Texas Instruments were worth $1,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TXN. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the fourth quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments in the fourth quarter valued at $31,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.1 %

TXN traded down $0.20 during trading on Monday, hitting $195.33. 519,999 shares of the company’s stock traded hands, compared to its average volume of 5,572,068. The stock has a market capitalization of $177.84 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 4.18 and a beta of 1.00. The company’s 50 day simple moving average is $187.33 and its two-hundred day simple moving average is $174.14. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 35.28% and a net margin of 35.16%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. Analysts predict that Texas Instruments Incorporated will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.66%. Texas Instruments’s payout ratio is 81.12%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TXN shares. TD Cowen upped their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective for the company. Evercore ISI boosted their price target on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Truist Financial increased their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus boosted their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $183.43.

Insider Activity at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is owned by corporate 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.