Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Cut by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,083 shares of the semiconductor company's stock after selling 1,527 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in Texas Instruments were worth $3,609,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after buying an additional 17,840 shares during the period. Verus Capital Partners LLC boosted its holdings in shares of Texas Instruments by 5.3% in the fourth quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company's stock worth $277,000 after buying an additional 75 shares during the period. SVB Wealth LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth about $2,517,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Texas Instruments in the fourth quarter worth about $47,000. Institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TXN shares. Arete started coverage on shares of Texas Instruments in a report on Thursday. They issued a "neutral" rating and a $203.80 target price for the company. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. TD Cowen raised their price target on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, June 25th. Truist Financial decreased their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald decreased their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $191.49.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $207.08 on Monday. The firm has a fifty day simple moving average of $182.58 and a 200-day simple moving average of $182.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The stock has a market capitalization of $188.13 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the previous year, the company earned $1.10 earnings per share. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

Texas Instruments Company 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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