Norway Savings Bank Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Norway Savings Bank decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,100 shares of the semiconductor company’s stock after selling 480 shares during the period. Norway Savings Bank’s holdings in Texas Instruments were worth $581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Candriam S.C.A. grew its position in Texas Instruments by 6.4% during the second quarter. Candriam S.C.A. now owns 65,112 shares of the semiconductor company’s stock valued at $12,666,000 after acquiring an additional 3,932 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Texas Instruments by 41.3% during the second quarter. Los Angeles Capital Management LLC now owns 6,502 shares of the semiconductor company’s stock worth $1,265,000 after purchasing an additional 1,901 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Texas Instruments by 255.7% in the second quarter. Acadian Asset Management LLC now owns 32,244 shares of the semiconductor company’s stock valued at $6,268,000 after purchasing an additional 23,178 shares during the period. PFG Investments LLC grew its holdings in Texas Instruments by 13.0% during the 2nd quarter. PFG Investments LLC now owns 5,022 shares of the semiconductor company’s stock valued at $977,000 after purchasing an additional 576 shares in the last quarter. Finally, Choreo LLC increased its stake in Texas Instruments by 328.1% during the 2nd quarter. Choreo LLC now owns 27,758 shares of the semiconductor company’s stock worth $5,401,000 after buying an additional 21,274 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial cut their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Barclays decreased their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of Texas Instruments in a research note on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $210.05.

Texas Instruments Stock Performance

Shares of TXN traded up $0.43 during trading hours on Tuesday, reaching $192.61. 1,663,632 shares of the company’s stock traded hands, compared to its average volume of 3,835,691. Texas Instruments Incorporated has a twelve month low of $155.46 and a twelve month high of $220.38. The business’s fifty day simple moving average is $197.96 and its two-hundred day simple moving average is $199.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a market capitalization of $175.70 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. Analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.82%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company Profile

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.