Fulton Bank N.A. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,184 shares of the semiconductor company’s stock after selling 316 shares during the period. Fulton Bank N.A.’s holdings in Texas Instruments were worth $2,114,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN increased its position in shares of Texas Instruments by 198.2% in the 4th quarter. Delta Asset Management LLC TN now owns 170 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 113 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. TRU Independence Asset Management 2 LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. Encompass Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter worth about $30,000. Finally, Retirement Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $31,000. 83.12% of the stock is owned by institutional investors.
In other news, Director Mark A. Blinn sold 4,703 shares of the business’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $165.25, for a total transaction of $777,170.75. Following the sale, the director now owns 12,491 shares in the company, valued at $2,064,137.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darla H. Whitaker sold 30,658 shares of the business’s stock in a transaction that occurred on Thursday, February 11th. The shares were sold at an average price of $177.41, for a total transaction of $5,439,035.78. Following the sale, the vice president now owns 73,304 shares in the company, valued at approximately $13,004,862.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 544,325 shares of company stock valued at $92,809,465. Company insiders own 0.73% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 25th. The semiconductor company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.34 by $0.30. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the business earned $1.11 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 8th. Investors of record on Monday, February 1st were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, January 29th. Texas Instruments’s dividend payout ratio is presently 77.86%.
A number of brokerages recently weighed in on TXN. Oppenheimer boosted their price objective on shares of Texas Instruments from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, January 21st. Longbow Research raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, March 29th. Royal Bank of Canada boosted their price objective on shares of Texas Instruments from $155.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 27th. Barclays boosted their price objective on shares of Texas Instruments from $140.00 to $155.00 and gave the company an “underweight” rating in a research report on Tuesday, January 26th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their price objective on shares of Texas Instruments from $185.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $169.64.
About Texas Instruments
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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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