Greenfield Savings Bank Lowers Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Greenfield Savings Bank reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,096 shares of the semiconductor company’s stock after selling 50 shares during the period. Greenfield Savings Bank’s holdings in Texas Instruments were worth $1,672,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in Texas Instruments in the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the fourth quarter worth about $26,000. Westend Capital Management LLC purchased a new position in Texas Instruments in the first quarter worth about $31,000. Norwood Financial Corp purchased a new position in Texas Instruments in the first quarter worth about $32,000. Finally, Fortis Group Advisors LLC raised its holdings in Texas Instruments by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TXN. Evercore ISI lifted their target price on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Truist Financial dropped their target price on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.67.

Texas Instruments Stock Performance

TXN opened at $201.27 on Tuesday. The firm has a market cap of $183.25 billion, a P/E ratio of 31.40, a PEG ratio of 4.42 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a 50 day simple moving average of $201.36 and a two-hundred day simple moving average of $192.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.87 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 84.87%.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently 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.