Busey Bank Has $14.92 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Busey Bank cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 79,561 shares of the semiconductor company’s stock after selling 6,525 shares during the quarter. Busey Bank’s holdings in Texas Instruments were worth $14,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its position in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $41,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Truist Financial dropped their price objective 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Down 0.2 %

TXN stock opened at $180.27 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market capitalization of $164.45 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.84 and a beta of 0.98. The business’s fifty day moving average price is $192.56 and its two-hundred day moving average price is $199.19. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the company posted $1.49 EPS. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.