American Trust Grows Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

American Trust raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,548 shares of the semiconductor company’s stock after buying an additional 5,179 shares during the quarter. American Trust’s holdings in Texas Instruments were worth $4,752,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sittner & Nelson LLC raised its holdings in Texas Instruments by 892.9% during the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Texas Instruments during the 1st quarter worth about $28,000. Coppell Advisory Solutions Corp. bought a new position in Texas Instruments in the 4th quarter worth about $30,000. Magellan Asset Management Ltd bought a new stake in shares of Texas Instruments during the first quarter valued at about $32,000. Finally, Elequin Securities LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Insider Activity

In other news, Director Carrie Smith Cox sold 16,055 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the sale, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $179.34, for a total value of $1,890,064.26. Following the sale, the director now owns 32,662 shares in the company, valued at $5,857,603.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the transaction, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Instruments Trading Down 1.4 %

NASDAQ:TXN opened at $163.49 on Wednesday. The firm has a market capitalization of $148.44 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.40 and a beta of 1.03. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $172.84 and a 200 day moving average of $173.33.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, research analysts predict that Texas Instruments Incorporated will post 7.34 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a $1.24 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments’s dividend payout ratio is currently 59.62%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXN. UBS Group reduced their price objective on shares of Texas Instruments from $190.00 to $185.00 in a research note on Wednesday, July 26th. Citigroup upped their price target on shares of Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Rosenblatt Securities reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 25th. Sanford C. Bernstein lowered Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 target price on the stock. in a research note on Wednesday, August 30th. Finally, Mizuho lowered their price target on Texas Instruments from $185.00 to $181.00 in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $185.32.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.