Legacy Private Trust Co. Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Legacy Private Trust Co. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,169 shares of the semiconductor company’s stock after selling 3,426 shares during the period. Legacy Private Trust Co.’s holdings in Texas Instruments were worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TXN. Fairfield Bush & CO. acquired a new stake in Texas Instruments during the first quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. grew its position in Texas Instruments by 32.4% during the first 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 period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Texas Instruments by 7.4% in the first 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 purchasing an additional 413 shares during the period. Wsfs Capital Management LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at about $337,000. Finally, Bridgefront Capital LLC acquired a new stake in shares of Texas Instruments in the first quarter valued at about $315,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Texas Instruments Trading Down 1.0 %

Shares of TXN stock traded down $1.62 during trading hours on Friday, hitting $164.43. The company had a trading volume of 1,987,982 shares, compared to its average volume of 5,068,127. The stock has a market capitalization of $149.30 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03. Texas Instruments Incorporated has a fifty-two week low of $145.97 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.72 and a quick ratio of 4.35. The company’s fifty day moving average is $172.60 and its 200 day moving average is $173.27.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 EPS. Research analysts expect that Texas Instruments Incorporated will post 7.34 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a yield of 3.02%. Texas Instruments’s dividend payout ratio (DPR) is presently 59.62%.

Analyst Upgrades and Downgrades

TXN has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Texas Instruments from $190.00 to $185.00 in a research report on Wednesday, July 26th. Citigroup lifted their target price on shares of Texas Instruments from $173.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Mizuho dropped their target price on shares of Texas Instruments from $185.00 to $181.00 in a research report on Wednesday, July 26th. Susquehanna lifted their target price on shares of Texas Instruments from $205.00 to $215.00 in a research report on Wednesday, July 26th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $178.00 to $174.00 in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $185.32.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of the stock in a transaction that occurred on 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 directly owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The sale was disclosed in a legal 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 stock in a transaction that occurred on 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 directly owns 32,662 shares of the company’s stock, valued at approximately $5,857,603.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carrie Smith Cox sold 16,055 shares of the 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 completion of the sale, the director now directly owns 35,801 shares in the company, valued at $6,445,612.04. The disclosure for this sale can be found here. Insiders own 0.54% 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. 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.