Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Ledyard National Bank

Ledyard National Bank trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,455 shares of the semiconductor company’s stock after selling 819 shares during the quarter. Ledyard National Bank’s holdings in Texas Instruments were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of TXN. Morgan Stanley lifted its holdings in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the period. California Public Employees Retirement System boosted its position in shares of Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Texas Instruments in the third quarter worth approximately $196,135,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $0.69 during trading on Tuesday, hitting $178.60. 1,245,492 shares of the company’s stock traded hands, compared to its average volume of 5,632,996. The company has a market cap of $162.61 billion, a PE ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The firm’s fifty day moving average price is $169.67 and its 200 day moving average price is $162.46.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. Analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.91%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TXN. Benchmark reaffirmed a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, April 24th. Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $180.74.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.