First National Bank of Mount Dora Trust Investment Services trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 27.2% in the first quarter, HoldingsChannel.com reports. The firm owned 33,379 shares of the semiconductor company’s stock after selling 12,490 shares during the period. Texas Instruments accounts for about 2.2% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 12th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Texas Instruments were worth $6,308,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TXN. Wealth Alliance increased its position in shares of Texas Instruments by 2.6% during the third quarter. Wealth Alliance now owns 9,553 shares of the semiconductor company’s stock worth $1,364,000 after buying an additional 238 shares during the period. OLD Mission Capital LLC acquired a new stake in Texas Instruments during the 3rd quarter worth about $207,000. Advisory Alpha LLC bought a new position in shares of Texas Instruments in the 3rd quarter worth about $55,000. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Texas Instruments in the 3rd quarter valued at about $825,000. Finally, Chartwell Investment Partners LLC grew its stake in Texas Instruments by 1.4% during the third quarter. Chartwell Investment Partners LLC now owns 30,105 shares of the semiconductor company’s stock worth $4,299,000 after purchasing an additional 409 shares during the period. 83.12% of the stock is owned by institutional investors and hedge funds.

In related news, VP Haren Julie Van sold 23,733 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $169.73, for a total value of $4,028,202.09. Following the completion of the sale, the vice president now directly owns 23,781 shares of the company’s stock, valued at approximately $4,036,349.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard K. Templeton sold 112,500 shares of Texas Instruments stock in a transaction on Friday, January 29th. The shares were sold at an average price of $166.13, for a total transaction of $18,689,625.00. Following the transaction, the chief executive officer now owns 579,059 shares in the company, valued at approximately $96,199,071.67. The disclosure for this sale can be found here. Insiders have sold 544,325 shares of company stock worth $92,809,465 in the last 90 days. Company insiders own 0.73% of the company’s stock.

NASDAQ TXN traded up $1.22 during trading hours on Thursday, hitting $194.31. The company had a trading volume of 32,071 shares, compared to its average volume of 4,875,596. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.29 and a current ratio of 4.24. The firm has a market capitalization of $178.81 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a 52 week low of $105.30 and a 52 week high of $197.58. The firm has a 50 day simple moving average of $178.13 and a 200 day simple moving average of $163.90.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share for the quarter, topping 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 firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s quarterly revenue was up 21.7% on a year-over-year basis. On average, research analysts forecast that Texas Instruments Incorporated will post 5.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 8th. Investors of record on Monday, February 1st were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.10%. Texas Instruments’s dividend payout ratio (DPR) is presently 77.86%.

A number of research firms recently issued reports on TXN. Morgan Stanley boosted their target price on shares of Texas Instruments from $154.00 to $162.00 and gave the company an “underweight” rating in a research report on Wednesday, January 27th. Raymond James upgraded Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 target price for the company in a research note on Monday, March 1st. Jefferies Financial Group upped their price target on Texas Instruments from $185.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. Truist raised their price objective on Texas Instruments from $167.00 to $184.00 in a research note on Wednesday, January 27th. Finally, Royal Bank of Canada boosted their price target on shares of Texas Instruments from $155.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 27th. Four research 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. Texas Instruments currently has an average rating of “Hold” and an average target price of $169.64.

Texas Instruments Company Profile

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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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