Intrust Bank NA Sells 474 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Intrust Bank NA lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 24.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,504 shares of the semiconductor company’s stock after selling 474 shares during the period. Intrust Bank NA’s holdings in Texas Instruments were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Annapolis Financial Services LLC grew its stake in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Texas Instruments in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Finally, AMH Equity Ltd purchased a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $32,000. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’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 sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

NASDAQ:TXN opened at $175.20 on Thursday. The firm’s fifty day moving average is $170.17 and its two-hundred day moving average is $162.71. The firm has a market cap of $159.52 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 3.76 and a beta of 1.01. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. Research analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.97%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analysts Set New Price Targets

TXN has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Truist Financial boosted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird raised their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $180.74.

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.