Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its position in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,366 shares of the semiconductor company’s stock after selling 157 shares during the quarter. CENTRAL TRUST Co’s holdings in Texas Instruments were worth $2,224,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXN. Fairfield Bush & CO. purchased a new position in shares of Texas Instruments during the 1st quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after buying an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Texas Instruments by 7.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new position in shares of Texas Instruments during the 1st quarter valued at approximately $337,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Texas Instruments during the 1st quarter valued at approximately $315,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

Insider Activity at Texas Instruments

In related news, VP Ahmad Bahai sold 1,200 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $176.67, for a total value of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares in the company, valued at approximately $5,363,171.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Blinn sold 3,068 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $181.69, for a total value of $557,424.92. Following the completion of the transaction, the director now owns 11,773 shares in the company, valued at approximately $2,139,036.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ahmad Bahai sold 1,200 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $176.67, for a total value of $212,004.00. Following the completion of the transaction, the vice president now owns 30,357 shares of the company’s stock, valued at approximately $5,363,171.19. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXN. BMO Capital Markets raised their price objective on Texas Instruments from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Susquehanna raised their price objective on Texas Instruments from $205.00 to $210.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. Robert W. Baird raised their price objective on Texas Instruments from $160.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Barclays raised their price objective on Texas Instruments from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Texas Instruments from $155.00 to $158.00 in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $179.70.

Texas Instruments Price Performance

NASDAQ:TXN opened at $174.39 on Thursday. The business’s 50-day moving average price is $175.41 and its 200 day moving average price is $169.37. The firm has a market cap of $158.03 billion, a P/E ratio of 18.55, a PEG ratio of 2.44 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $144.46 and a 52-week high of $191.34. The company has a quick ratio of 3.77, a current ratio of 4.70 and a debt-to-equity ratio of 0.56.

Texas Instruments (NASDAQ:TXN – Get Rating) last released its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.64 billion. Texas Instruments had a return on equity of 61.06% and a net margin of 43.68%. Texas Instruments’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 7.53 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st were issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Monday, January 30th. Texas Instruments’s payout ratio is currently 52.77%.

Texas Instruments Profile

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.