Texas Instruments Incorporated (NASDAQ:TXN) Stake Lowered by Cape ANN Savings Bank

Cape ANN Savings Bank trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 76.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,060 shares of the semiconductor company’s stock after selling 3,526 shares during the period. Cape ANN Savings Bank’s holdings in Texas Instruments were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in Texas Instruments in the fourth quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC bought a new stake in Texas Instruments in the first quarter worth $31,000. Norwood Financial Corp acquired a new position in Texas Instruments during the first quarter worth $32,000. Finally, Fortis Group Advisors LLC raised its holdings in Texas Instruments by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.5 %

Shares of TXN stock opened at $202.21 on Wednesday. Texas Instruments Incorporated has a one year low of $139.48 and a one 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 stock has a fifty day moving average price of $201.35 and a 200 day moving average price of $192.63. The stock has a market cap of $184.11 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 84.87%.

Insider Buying and Selling at Texas Instruments

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

Analyst Ratings Changes

Several analysts have recently issued reports on TXN shares. JPMorgan Chase & Co. upped their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Truist Financial reduced their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $204.19.

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.