Stock Yards Bank & Trust Co. Sells 295 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Stock Yards Bank & Trust Co. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,352 shares of the semiconductor company’s stock after selling 295 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Texas Instruments were worth $1,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments during the fourth quarter worth about $26,000. Westend Capital Management LLC bought a new position in Texas Instruments in the 1st quarter worth about $31,000. Norwood Financial Corp purchased a new stake in shares of Texas Instruments in the 1st quarter valued at about $32,000. Finally, Fortis Group Advisors LLC boosted its position in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 1.5 %

TXN opened at $201.39 on Wednesday. The firm has a market capitalization of $183.36 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.26 and a beta of 0.99. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The business has a 50 day simple moving average of $200.66 and a two-hundred day simple moving average of $189.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 earnings per share. Analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock valued at $3,255,323 over the last three months. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TXN shares. Rosenblatt Securities upped their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. KeyCorp upped their target price on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays raised their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $204.67.

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.