Morton Community Bank Sells 420 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Morton Community Bank reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,776 shares of the semiconductor company’s stock after selling 420 shares during the period. Morton Community Bank’s holdings in Texas Instruments were worth $521,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC acquired a new stake in Texas Instruments in the 3rd quarter worth approximately $202,000. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the 3rd quarter worth approximately $39,000. Fiera Capital Corp boosted its stake in Texas Instruments by 12.5% in the 3rd quarter. Fiera Capital Corp now owns 18,975 shares of the semiconductor company’s stock worth $3,920,000 after purchasing an additional 2,112 shares in the last quarter. Equitable Trust Co. boosted its stake in Texas Instruments by 1.2% in the 3rd quarter. Equitable Trust Co. now owns 5,404 shares of the semiconductor company’s stock worth $1,116,000 after purchasing an additional 64 shares in the last quarter. Finally, Rovin Capital UT ADV acquired a new stake in Texas Instruments in the 3rd quarter worth approximately $209,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

Texas Instruments stock opened at $190.52 on Monday. The company’s fifty day moving average price is $189.62 and its 200 day moving average price is $197.35. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.38. The stock has a market capitalization of $173.36 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the company posted $1.49 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.35 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, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.86%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Analyst Ratings Changes

A number of analysts recently commented on TXN shares. Barclays lowered their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho reduced their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Truist Financial reduced their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.20.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.68% of the stock is owned by insiders.

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.