City Holding Co. Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

City Holding Co. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,949 shares of the semiconductor company’s stock after selling 139 shares during the quarter. City Holding Co.’s holdings in Texas Instruments were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TXN. Atomi Financial Group Inc. boosted its stake in Texas Instruments by 14.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 3,648 shares of the semiconductor company’s stock worth $754,000 after purchasing an additional 470 shares in the last quarter. Tealwood Asset Management Inc. purchased a new position in shares of Texas Instruments in the third quarter worth $2,450,000. Traveka Wealth LLC lifted its stake in shares of Texas Instruments by 7.4% during the third quarter. Traveka Wealth LLC now owns 1,356 shares of the semiconductor company’s stock worth $280,000 after buying an additional 93 shares during the period. Insight Wealth Strategies LLC grew its holdings in shares of Texas Instruments by 1.8% during the third quarter. Insight Wealth Strategies LLC now owns 11,266 shares of the semiconductor company’s stock valued at $2,327,000 after buying an additional 197 shares during the last quarter. Finally, Bridge Creek Capital Management LLC increased its position in shares of Texas Instruments by 0.6% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 17,899 shares of the semiconductor company’s stock valued at $3,697,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.5 %

Shares of NASDAQ:TXN opened at $202.21 on Wednesday. The firm has a market capitalization of $184.11 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. The business’s 50 day moving average price is $201.35 and its 200-day moving average price is $192.63. 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 Incorporated has a 1 year low of $139.48 and a 1 year high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for 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 for the quarter was down 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 earnings per share. On average, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 84.87%.

Wall Street Analyst Weigh In

TXN has been the topic of several research analyst reports. Truist Financial dropped their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Robert W. Baird increased their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Evercore ISI raised their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $204.19.

Insider Activity

In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 over the last quarter. 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.