First American Trust FSB Increases Stake in Texas Instruments Incorporated (NASDAQ:TXN)

First American Trust FSB raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 101.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,909 shares of the semiconductor company’s stock after purchasing an additional 1,462 shares during the quarter. First American Trust FSB’s holdings in Texas Instruments were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC bought a new stake in Texas Instruments during the 3rd quarter valued at $202,000. Quest Partners LLC bought a new stake in shares of Texas Instruments during the 3rd quarter valued at $226,000. Great Valley Advisor Group Inc. lifted its holdings in Texas Instruments by 5.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,337 shares of the semiconductor company’s stock worth $483,000 after purchasing an additional 111 shares in the last quarter. Swedbank AB boosted its stake in Texas Instruments by 32.3% in the 3rd quarter. Swedbank AB now owns 327,124 shares of the semiconductor company’s stock worth $67,574,000 after purchasing an additional 79,796 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Texas Instruments by 75.8% during the 3rd quarter. Larson Financial Group LLC now owns 3,687 shares of the semiconductor company’s stock valued at $762,000 after buying an additional 1,590 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $185.51 on Tuesday. The stock has a market capitalization of $168.80 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The company has a fifty day moving average of $187.36 and a 200-day moving average of $195.16. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is 104.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TXN shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Tuesday, January 21st. Two equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $209.20.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last three months. 0.57% of the stock is owned by company 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.