First Western Trust Bank Sells 4,342 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

First Western Trust Bank lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,552 shares of the semiconductor company’s stock after selling 4,342 shares during the period. Texas Instruments accounts for about 0.4% of First Western Trust Bank’s investment portfolio, making the stock its 22nd largest holding. First Western Trust Bank’s holdings in Texas Instruments were worth $8,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its position in Texas Instruments by 24.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 66,464 shares of the semiconductor company’s stock valued at $11,579,000 after buying an additional 13,085 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Texas Instruments by 0.8% during the first quarter. Clearbridge Investments LLC now owns 860,616 shares of the semiconductor company’s stock valued at $149,928,000 after acquiring an additional 6,828 shares in the last quarter. PYA Waltman Capital LLC raised its position in shares of Texas Instruments by 2.2% in the 1st quarter. PYA Waltman Capital LLC now owns 13,443 shares of the semiconductor company’s stock worth $2,342,000 after purchasing an additional 294 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $88,847,000. Finally, Lake Street Advisors Group LLC increased its stake in Texas Instruments by 192.3% during the 1st quarter. Lake Street Advisors Group LLC now owns 20,109 shares of the semiconductor company’s stock valued at $3,503,000 after purchasing an additional 13,229 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 2.4 %

Shares of TXN stock opened at $201.12 on Monday. The company has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.40 and a beta of 0.99. 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 company’s fifty day moving average price is $204.39 and its 200-day moving average price is $199.79. Texas Instruments Incorporated has a one year low of $150.81 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $1.80 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.70%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Wall Street Analyst Weigh In

TXN has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Truist Financial decreased their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $206.95.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the firm’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 transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,548 shares of company stock worth $5,341,235. Insiders own 0.68% of the company’s stock.

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.