Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,355 shares of the semiconductor company’s stock after acquiring an additional 850 shares during the quarter. Trust Co. of Vermont’s holdings in Texas Instruments were worth $1,303,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Meridian Wealth Management LLC boosted its holdings in Texas Instruments by 5.3% during the second quarter. Meridian Wealth Management LLC now owns 1,708 shares of the semiconductor company’s stock worth $196,000 after buying an additional 86 shares in the last quarter. Coastline Trust Co lifted its holdings in shares of Texas Instruments by 1.1% in the second quarter. Coastline Trust Co now owns 8,505 shares of the semiconductor company’s stock valued at $976,000 after purchasing an additional 90 shares in the last quarter. Culbertson A N & Co. Inc. lifted its holdings in shares of Texas Instruments by 0.3% in the second quarter. Culbertson A N & Co. Inc. now owns 27,278 shares of the semiconductor company’s stock valued at $3,130,000 after purchasing an additional 94 shares in the last quarter. HNP Capital LLC lifted its holdings in shares of Texas Instruments by 1.3% in the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock valued at $805,000 after purchasing an additional 95 shares in the last quarter. Finally, Northwest Bancshares Inc. lifted its holdings in shares of Texas Instruments by 3.3% in the first quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

In related news, CFO Rafael R. Lizardi sold 76,523 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the completion of the transaction, the chief financial officer now owns 94,648 shares of the company’s stock, valued at $12,116,836.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Gregory Delagi sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.28, for a total transaction of $19,092,000.00. Following the transaction, the vice president now directly owns 243,755 shares of the company’s stock, valued at approximately $31,025,136.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,251,117 shares of company stock valued at $159,473,823. Company insiders own 0.89% of the company’s stock.

Shares of NASDAQ:TXN traded up $0.44 during trading on Wednesday, reaching $119.44. The stock had a trading volume of 207,818 shares, compared to its average volume of 5,430,202. The firm’s fifty day moving average is $118.39. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54. The firm has a market cap of $113.73 billion, a PE ratio of 22.06, a P/E/G ratio of 2.30 and a beta of 1.25. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $130.37.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a net margin of 34.98% and a return on equity of 57.25%. The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, July 30th. Texas Instruments’s dividend payout ratio is presently 56.83%.

Several brokerages have issued reports on TXN. Robert W. Baird upped their price target on shares of Texas Instruments from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Barclays upped their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Bank of America reaffirmed a “neutral” rating and issued a $122.00 price target (up previously from $114.00) on shares of Texas Instruments in a report on Wednesday, April 24th. Oppenheimer upped their price target on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price target on shares of Texas Instruments from $137.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $118.74.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

See Also: Bond

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.