Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by 1ST Source Bank

1ST Source Bank cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,727 shares of the semiconductor company’s stock after selling 203 shares during the quarter. 1ST Source Bank’s holdings in Texas Instruments were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth $31,000. Norwood Financial Corp purchased a new stake in shares of Texas Instruments in the 1st quarter worth about $32,000. Finally, Fortis Group Advisors LLC grew its stake in Texas Instruments by 100.0% in 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. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the topic of several recent research reports. Evercore ISI upped their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. KeyCorp upped their target price on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $204.67.

Insider Activity at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’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 transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred 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 owns 158,676 shares in the company, valued at $33,233,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. In the last three months, insiders sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $199.93 on Friday. The business has a 50-day moving average of $200.69 and a two-hundred day moving average of $188.81. The firm has a market capitalization of $182.55 billion, a PE ratio of 31.19, a P/E/G ratio of 4.26 and a beta of 0.99. 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 Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66.

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

Texas Instruments Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Texas Instruments 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.