American Trust Sells 2,267 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

American Trust lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,077 shares of the semiconductor company’s stock after selling 2,267 shares during the quarter. American Trust’s holdings in Texas Instruments were worth $5,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cannon Financial Strategists Inc. purchased a new stake in Texas Instruments in the 2nd quarter valued at about $280,000. Heritage Wealth Management Inc. bought a new stake in shares of Texas Instruments during the second quarter valued at approximately $210,000. Sanctuary Advisors LLC purchased a new stake in shares of Texas Instruments in the second quarter valued at approximately $26,868,000. Creekside Partners bought a new position in Texas Instruments in the second quarter worth approximately $392,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Texas Instruments during the 2nd quarter worth $122,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

NASDAQ TXN opened at $201.60 on Wednesday. The stock’s fifty day moving average price is $201.15 and its 200 day moving average price is $191.71. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. The company has a market cap of $183.55 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 4.55 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period last year, the business posted $1.87 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 84.87%.

Analyst Ratings Changes

Several brokerages have weighed in on TXN. Robert W. Baird upped their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Barclays increased their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Evercore ISI boosted their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.67.

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.