Legacy Private Trust Co. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,085 shares of the semiconductor company’s stock after selling 987 shares during the period. Legacy Private Trust Co.’s holdings in Texas Instruments were worth $4,329,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $28,000. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments during the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments in the third quarter valued at $43,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Insiders Place Their Bets
In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Report on Texas Instruments
Texas Instruments Trading Down 0.3 %
NASDAQ TXN traded down $0.55 on Wednesday, reaching $191.66. The company had a trading volume of 4,137,115 shares, compared to its average volume of 4,571,228. The firm has a market cap of $174.84 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 4.19 and a beta of 0.98. Texas Instruments Incorporated has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The business has a 50 day moving average of $197.58 and a two-hundred day moving average of $199.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. Analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.84%. Texas Instruments’s dividend payout ratio is presently 101.12%.
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.
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