Stock Yards Bank & Trust Co. Reduces Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Stock Yards Bank & Trust Co. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,398 shares of the semiconductor company’s stock after selling 1,399 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Texas Instruments were worth $1,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co raised its holdings in Texas Instruments by 57.4% in the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 66 shares in the last quarter. Howard Financial Services LTD. lifted its position in shares of Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 66 shares during the last quarter. Sandy Spring Bank grew its stake in Texas Instruments by 3.5% in the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 66 shares in the last quarter. Harbour Investments Inc. increased its holdings in Texas Instruments by 2.1% in the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after buying an additional 67 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock valued at $1,983,000 after buying an additional 68 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research analyst reports. KeyCorp boosted their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TD Cowen raised their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Evercore ISI began coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price on the stock. Finally, Mizuho lowered their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $176.68.

Texas Instruments Price Performance

NASDAQ TXN opened at $163.43 on Tuesday. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a market capitalization of $148.73 billion, a PE ratio of 23.15, a P/E/G ratio of 3.44 and a beta of 1.04. The company’s 50 day simple moving average is $168.15 and its 200 day simple moving average is $161.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

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.