Kentucky Trust Co Makes New $221,000 Investment in Texas Instruments Incorporated (NASDAQ:TXN)

Kentucky Trust Co purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,178 shares of the semiconductor company’s stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after buying an additional 4,337,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after buying an additional 609,905 shares in the last quarter. Geode Capital Management LLC lifted its position in Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after buying an additional 487,892 shares during the last quarter. Finally, State Street Corp grew its position in Texas Instruments by 0.9% during the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after acquiring an additional 391,306 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN opened at $179.25 on Wednesday. The firm has a market cap of $163.52 billion, a P/E ratio of 34.54, a PEG ratio of 2.95 and a beta of 0.97. Texas Instruments Incorporated has a 1-year low of $155.46 and a 1-year high of $220.38. The company has a 50 day simple moving average of $189.32 and a two-hundred day simple moving average of $197.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter last year, the business earned $1.49 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.38 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Susquehanna lowered their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird lowered their price target on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $209.20.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

About Texas Instruments

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.