Citizens National Bank Trust Department Sells 58 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Citizens National Bank Trust Department trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 296 shares of the semiconductor company’s stock after selling 58 shares during the quarter. Citizens National Bank Trust Department’s holdings in Texas Instruments were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TXN. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments in the third quarter valued at approximately $202,000. Foundations Investment Advisors LLC lifted its position in Texas Instruments by 31.0% in the third quarter. Foundations Investment Advisors LLC now owns 6,473 shares of the semiconductor company’s stock worth $1,337,000 after purchasing an additional 1,531 shares during the period. Eastern Bank bought a new position in Texas Instruments in the third quarter worth $722,000. Private Advisor Group LLC lifted its position in Texas Instruments by 0.8% in the third quarter. Private Advisor Group LLC now owns 68,249 shares of the semiconductor company’s stock worth $14,098,000 after purchasing an additional 572 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Texas Instruments in the third quarter worth $980,000. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXN. Barclays reduced their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $209.20.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated 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 sale, the director now directly owns 14,323 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $203.96 on Friday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The firm has a market cap of $185.67 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 3.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The business has a fifty day moving average of $188.23 and a 200-day moving average of $197.27.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 period last year, the firm earned $1.49 earnings per share. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. Texas Instruments’s payout ratio is 104.82%.

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.