Texas Bank & Trust Co Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Texas Bank & Trust Co bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,251 shares of the semiconductor company's stock, valued at approximately $2,860,000. Texas Instruments accounts for about 1.2% of Texas Bank & Trust Co's investment portfolio, making the stock its 26th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $27,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company's stock, valued at approximately $82,930,522.08. This represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,065 shares of company stock valued at $59,734,685. Insiders own 0.57% of the company's stock.

Texas Instruments Trading Up 0.4%

NASDAQ TXN opened at $188.50 on Friday. The stock has a market capitalization of $171.25 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The stock's 50 day moving average price is $167.29 and its two-hundred day moving average price is $184.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.89%. Texas Instruments's payout ratio is presently 103.23%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TXN. Truist Financial reduced their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and issued a $160.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target on the stock in a research note on Monday, April 7th. Finally, Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $189.41.

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.

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