Cadence Bank NA trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,033 shares of the semiconductor company’s stock after selling 559 shares during the quarter. Cadence Bank NA’s holdings in Texas Instruments were worth $647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $100,000. Centaurus Financial Inc. acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $101,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $105,000. Kwmg LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $107,000. 84.41% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on TXN shares. B. Riley cut their price target on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Royal Bank of Canada dropped their target price on shares of Texas Instruments to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Bank of America lifted their target price on shares of Texas Instruments from $138.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Barclays dropped their target price on shares of Texas Instruments from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.11.

In other Texas Instruments news, Director Martin S. Craighead purchased 10,900 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the purchase, the director now directly owns 13,100 shares in the company, valued at approximately $1,201,270. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the completion of the transaction, the insider now owns 43,270 shares of the company’s stock, valued at approximately $4,067,380. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

NASDAQ:TXN opened at $96.10 on Friday. The firm has a market capitalization of $93.31 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09. Texas Instruments Incorporated has a 52 week low of $87.90 and a 52 week high of $120.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.05. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a $0.77 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. Texas Instruments’s payout ratio is 71.96%.

Texas Instruments announced that its board has initiated a stock buyback program on Thursday, September 20th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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