Community Bank N.A. Sells 935 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Community Bank N.A. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,100 shares of the semiconductor company’s stock after selling 935 shares during the quarter. Community Bank N.A.’s holdings in Texas Instruments were worth $6,011,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TXN. Mather Group LLC. grew its holdings in shares of Texas Instruments by 36.9% during the 2nd quarter. Mather Group LLC. now owns 21,137 shares of the semiconductor company’s stock valued at $4,112,000 after purchasing an additional 5,692 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Texas Instruments by 2.7% during the second quarter. Trust Co. of Vermont now owns 13,423 shares of the semiconductor company’s stock worth $2,611,000 after buying an additional 357 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Texas Instruments during the second quarter worth $102,000. Harbor Capital Advisors Inc. lifted its stake in shares of Texas Instruments by 11.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 26,563 shares of the semiconductor company’s stock valued at $5,167,000 after acquiring an additional 2,796 shares during the last quarter. Finally, Value Partners Investments Inc. boosted its holdings in shares of Texas Instruments by 12.9% during the 2nd quarter. Value Partners Investments Inc. now owns 2,718 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 310 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley upped 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. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Up 0.9 %

Shares of NASDAQ TXN opened at $201.03 on Monday. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. 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 $183.38 billion, a PE ratio of 37.37, a P/E/G ratio of 4.40 and a beta of 0.99. The company’s fifty day simple moving average is $204.29 and its 200 day simple moving average is $200.89.

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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insider Transactions at Texas Instruments

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

Texas Instruments Company 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.