Exchange Bank Buys 68 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Exchange Bank lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,119 shares of the semiconductor company’s stock after purchasing an additional 68 shares during the period. Exchange Bank’s holdings in Texas Instruments were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Atomi Financial Group Inc. increased its position in Texas Instruments by 13.6% during the fourth quarter. Atomi Financial Group Inc. now owns 4,144 shares of the semiconductor company’s stock valued at $777,000 after acquiring an additional 496 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Texas Instruments by 1.4% during the 4th quarter. Alpha Cubed Investments LLC now owns 99,377 shares of the semiconductor company’s stock valued at $18,634,000 after purchasing an additional 1,360 shares during the period. Segment Wealth Management LLC increased its position in shares of Texas Instruments by 0.4% during the 4th quarter. Segment Wealth Management LLC now owns 77,039 shares of the semiconductor company’s stock valued at $14,446,000 after purchasing an additional 304 shares during the last quarter. Charles Schwab Trust Co bought a new position in shares of Texas Instruments in the 4th quarter worth approximately $248,000. Finally, Legal Advantage Investments Inc. boosted its holdings in shares of Texas Instruments by 23.6% in the fourth quarter. Legal Advantage Investments Inc. now owns 1,236 shares of the semiconductor company’s stock worth $232,000 after buying an additional 236 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Barclays cut their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a research note on Friday, October 18th. Finally, Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $210.45.

Insider Buying and Selling at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Up 2.7 %

Shares of Texas Instruments stock opened at $192.42 on Tuesday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $175.53 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.74 and a beta of 0.98. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The business has a 50-day moving average price of $194.32 and a 200-day moving average price of $199.61.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is 101.12%.

Texas Instruments 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.