Independence Bank of Kentucky Has $699,000 Position in Texas Instruments Incorporated (NASDAQ:TXN)

Independence Bank of Kentucky raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 45.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,015 shares of the semiconductor company’s stock after buying an additional 1,247 shares during the period. Independence Bank of Kentucky’s holdings in Texas Instruments were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth about $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by insiders.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $194.53 on Friday. The stock has a market cap of $177.12 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 4.21 and a beta of 1.00. The firm’s fifty day simple moving average is $190.26 and its 200 day simple moving average is $175.28. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $206.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 EPS. As a group, research analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Analyst Ratings Changes

Several analysts recently commented on TXN shares. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Susquehanna boosted their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Jefferies Financial Group cut shares of Texas Instruments from a “buy” rating to a “hold” rating and dropped their target price for the company from $200.00 to $175.00 in a research report on Monday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $183.43.

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.