Trust Co. of Virginia VA Cuts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Trust Co. of Virginia VA lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,525 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Trust Co. of Virginia VA’s holdings in Texas Instruments were worth $447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Perennial Advisors LLC purchased a new position in Texas Instruments during the 1st quarter valued at about $26,000. Toth Financial Advisory Corp purchased a new position in Texas Instruments during the 2nd quarter valued at about $31,000. HHM Wealth Advisors LLC purchased a new position in Texas Instruments during the 1st quarter valued at about $34,000. Pathstone Family Office LLC increased its holdings in Texas Instruments by 65.0% during the 1st quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 139 shares in the last quarter. Finally, Evolution Wealth Advisors LLC increased its holdings in Texas Instruments by 89.7% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 277 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

In other news, VP Ahmad Bahai sold 3,185 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $115.57, for a total transaction of $368,090.45. Following the transaction, the vice president now directly owns 27,168 shares of the company’s stock, valued at $3,139,805.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kyle M. Flessner sold 26,350 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $131.59, for a total transaction of $3,467,396.50. Following the transaction, the vice president now directly owns 79,424 shares in the company, valued at $10,451,404.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,396 shares of company stock worth $15,983,413. 0.73% of the stock is currently owned by corporate insiders.

Shares of TXN stock opened at $127.55 on Friday. The stock has a market cap of $118.29 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a fifty-two week low of $93.09 and a fifty-two week high of $137.65. The firm’s 50 day moving average price is $128.12 and its two-hundred day moving average price is $119.70.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.60. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. During the same period in the previous year, the company posted $1.36 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post 5.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $3.60 dividend on an annualized basis and a yield of 2.82%. Texas Instruments’s dividend payout ratio (DPR) is 68.70%.

Several research firms have weighed in on TXN. Stifel Nicolaus raised their target price on shares of Texas Instruments from $125.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Mizuho lifted their price target on shares of Texas Instruments from $111.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Royal Bank of Canada lifted their price target on shares of Texas Instruments from $125.00 to $140.00 in a report on Wednesday, July 22nd. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $138.00 price target for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley lifted their price target on shares of Texas Instruments from $108.00 to $116.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $134.00.

Texas Instruments 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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