Thomasville National Bank Decreases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Thomasville National Bank reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,950 shares of the semiconductor company’s stock after selling 65 shares during the quarter. Thomasville National Bank’s holdings in Texas Instruments were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Verity & Verity LLC grew its position in shares of Texas Instruments by 2.2% in the second quarter. Verity & Verity LLC now owns 66,774 shares of the semiconductor company’s stock valued at $12,021,000 after purchasing an additional 1,451 shares during the last quarter. Outlook Wealth Advisors LLC acquired a new stake in Texas Instruments during the 2nd quarter valued at $226,000. Smith Anglin Financial LLC increased its position in Texas Instruments by 11.3% during the second quarter. Smith Anglin Financial LLC now owns 5,205 shares of the semiconductor company’s stock worth $937,000 after buying an additional 530 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Texas Instruments by 15.1% in the second quarter. DNB Asset Management AS now owns 271,765 shares of the semiconductor company’s stock worth $48,923,000 after acquiring an additional 35,712 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in shares of Texas Instruments by 0.6% in the second quarter. Moody National Bank Trust Division now owns 16,689 shares of the semiconductor company’s stock worth $3,004,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent research reports. StockNews.com began coverage on Texas Instruments in a research report on Thursday, August 17th. They set a “hold” rating for the company. Citigroup boosted their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Tuesday, July 25th. Wolfe Research initiated coverage on Texas Instruments in a report on Wednesday, July 19th. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus raised their price objective on Texas Instruments from $170.00 to $180.00 in a 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 company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $185.32.

Texas Instruments Trading Down 2.1 %

Shares of Texas Instruments stock traded down $3.43 during trading hours on Friday, hitting $162.62. The company’s stock had a trading volume of 9,427,916 shares, compared to its average volume of 3,915,385. The business has a fifty day moving average of $172.43 and a 200 day moving average of $173.22. Texas Instruments Incorporated has a 1-year low of $145.97 and a 1-year 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 market capitalization of $147.65 billion, a PE ratio of 19.55, a P/E/G ratio of 2.42 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (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 return on equity of 50.90% and a net margin of 40.84%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 7.34 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, July 28th. Texas Instruments’s dividend payout ratio (DPR) is presently 59.62%.

Insiders Place Their Bets

In other news, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 35,801 shares in the company, valued at $6,445,612.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the sale, the director now directly owns 32,662 shares in the company, valued at approximately $5,857,603.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value 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. 0.54% of the stock is owned by company insiders.

Texas Instruments Company Profile

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.