Peapack Gladstone Financial Corp Has $9.18 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Peapack Gladstone Financial Corp trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,945 shares of the semiconductor company’s stock after selling 2,610 shares during the period. Peapack Gladstone Financial Corp’s holdings in Texas Instruments were worth $9,178,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $202,000. EP Wealth Advisors LLC increased its stake in shares of Texas Instruments by 35.3% in the 3rd quarter. EP Wealth Advisors LLC now owns 29,086 shares of the semiconductor company’s stock valued at $6,008,000 after buying an additional 7,595 shares during the period. Zacks Investment Management raised its position in shares of Texas Instruments by 11.9% during the third quarter. Zacks Investment Management now owns 133,513 shares of the semiconductor company’s stock worth $27,580,000 after acquiring an additional 14,220 shares during the last quarter. Tenere Capital LLC acquired a new position in shares of Texas Instruments during the third quarter valued at $5,359,000. Finally, Dunhill Financial LLC boosted its holdings in Texas Instruments by 5.6% in the third quarter. Dunhill Financial LLC now owns 1,646 shares of the semiconductor company’s stock valued at $340,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Down 7.8 %

NASDAQ TXN opened at $151.39 on Monday. Texas Instruments Incorporated has a 52 week low of $144.22 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock’s 50 day moving average price is $184.06 and its two-hundred day moving average price is $193.60. The stock has a market capitalization of $137.75 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $1.49 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on TXN shares. Mizuho cut their target price on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company lowered their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial cut their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

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.