Commerce Bank Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Commerce Bank trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 569,709 shares of the semiconductor company’s stock after selling 13,637 shares during the period. Commerce Bank owned about 0.06% of Texas Instruments worth $88,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Scotia Capital Inc. lifted its position in shares of Texas Instruments by 6.0% in the second quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company’s stock valued at $6,688,000 after acquiring an additional 2,483 shares in the last quarter. Bailard Inc. increased its holdings in shares of Texas Instruments by 0.7% in the third quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company’s stock worth $12,220,000 after purchasing an additional 587 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Texas Instruments by 12.4% in the second quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company’s stock worth $31,845,000 after purchasing an additional 22,796 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Texas Instruments by 11.7% in the third quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company’s stock worth $6,253,000 after purchasing an additional 4,236 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Texas Instruments by 13.8% in the second quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company’s stock worth $5,047,000 after purchasing an additional 3,972 shares during the last quarter. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Credit Suisse Group cut Texas Instruments from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $185.00 to $205.00 in a report on Wednesday, November 16th. Benchmark boosted their price objective on Texas Instruments from $189.00 to $203.00 in a research note on Wednesday. Susquehanna boosted their price objective on Texas Instruments from $195.00 to $205.00 in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on Texas Instruments to $153.00 in a research note on Thursday, October 27th. Finally, Truist Financial boosted their price objective on Texas Instruments from $158.00 to $177.00 and gave the stock a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $178.58.

Texas Instruments Stock Down 0.6 %

Texas Instruments stock opened at $177.04 on Wednesday. The business has a fifty day moving average of $172.92 and a two-hundred day moving average of $168.62. The company has a quick ratio of 4.06, a current ratio of 4.92 and a debt-to-equity ratio of 0.51. The firm has a market cap of $160.68 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.41 and a beta of 1.02. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $191.34.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. On average, analysts forecast that Texas Instruments Incorporated will post 9.23 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be issued a dividend of $1.24 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.80%. Texas Instruments’s dividend payout ratio is currently 51.99%.

Insiders Place Their Bets

In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Ahmad Bahai sold 1,109 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now directly owns 27,306 shares of the company’s stock, valued at $4,915,353.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Texas Instruments Profile

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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