Hancock Whitney Corp Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Hancock Whitney Corp boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,844 shares of the semiconductor company's stock after acquiring an additional 2,099 shares during the period. Hancock Whitney Corp's holdings in Texas Instruments were worth $2,408,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC bought a new stake in Texas Instruments during the 3rd quarter valued at about $202,000. Invst LLC bought a new position in shares of Texas Instruments during the third quarter valued at $209,000. Anchor Investment Management LLC raised its holdings in shares of Texas Instruments by 25.7% during the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock valued at $2,403,000 after purchasing an additional 2,378 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in Texas Instruments by 1.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock valued at $3,842,000 after purchasing an additional 197 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock worth $1,444,000 after purchasing an additional 4,266 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. KeyCorp lowered their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Morgan Stanley reiterated an "underweight" rating and issued a $148.00 price target (up from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, TD Securities reaffirmed a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $189.41.

Texas Instruments Trading Down 1.1 %

Shares of TXN traded down $1.76 during midday trading on Wednesday, hitting $157.65. The stock had a trading volume of 1,580,566 shares, compared to its average volume of 6,181,327. The stock's 50 day moving average is $172.66 and its 200 day moving average is $187.11. The firm has a market cap of $143.45 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39.

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

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated 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 $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,655 shares of company stock worth $59,841,304. Insiders own 0.57% of the company's stock.

About Texas Instruments

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.