Intrust Bank NA Sells 474 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Intrust Bank NA reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,504 shares of the semiconductor company’s stock after selling 474 shares during the quarter. Intrust Bank NA’s holdings in Texas Instruments were worth $256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after buying an additional 839,964 shares during the last quarter. Morgan Stanley increased its holdings in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of TXN opened at $175.20 on Thursday. The firm has a market cap of $159.52 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The business’s 50 day moving average price is $170.17 and its two-hundred day moving average price is $162.71.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXN. Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Mizuho boosted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $180.74.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Company Profile

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