Texas Instruments Incorporated $TXN Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,561 shares of the semiconductor company’s stock after selling 4,475 shares during the quarter. Whittier Trust Co.’s holdings in Texas Instruments were worth $6,232,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Woodmont Investment Counsel LLC increased its position in Texas Instruments by 2.9% during the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 47 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in shares of Texas Instruments by 0.4% during the 2nd quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock valued at $2,283,000 after buying an additional 48 shares during the period. Milestone Asset Management LLC increased its holdings in shares of Texas Instruments by 1.9% during the 2nd quarter. Milestone Asset Management LLC now owns 2,929 shares of the semiconductor company’s stock worth $608,000 after buying an additional 54 shares during the last quarter. Roundview Capital LLC raised its position in shares of Texas Instruments by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 21,327 shares of the semiconductor company’s stock worth $4,428,000 after buying an additional 55 shares during the period. Finally, Cornerstone Advisory LLC boosted its holdings in Texas Instruments by 2.4% in the second quarter. Cornerstone Advisory LLC now owns 2,375 shares of the semiconductor company’s stock valued at $493,000 after acquiring an additional 55 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 0.9%

TXN opened at $193.31 on Monday. The firm has a market capitalization of $175.65 billion, a P/E ratio of 35.34, a P/E/G ratio of 3.04 and a beta of 1.00. The firm’s 50 day moving average is $177.82 and its 200-day moving average is $182.61. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be issued a $1.42 dividend. The ex-dividend date is Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a yield of 2.9%. Texas Instruments’s payout ratio is currently 103.84%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXN. The Goldman Sachs Group lowered Texas Instruments from a “buy” rating to a “sell” rating and dropped their price target for the stock from $200.00 to $156.00 in a research note on Monday, December 15th. BNP Paribas Exane set a $190.00 target price on shares of Texas Instruments and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley set a $175.00 price target on shares of Texas Instruments in a research report on Wednesday, October 22nd. Truist Financial increased their price objective on shares of Texas Instruments from $175.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Finally, Susquehanna raised their target price on shares of Texas Instruments from $200.00 to $225.00 and gave the company a “positive” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $195.12.

Insider Transactions at Texas Instruments

In other news, VP Christine Witzsche sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the sale, the vice president directly owned 20,821 shares in the company, valued at $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald Kirk sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the sale, the director directly owned 14,937 shares in the company, valued at approximately $2,424,723.21. The trade was a 40.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.