Tompkins Financial Corp Purchases 750 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Tompkins Financial Corp raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 23.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,948 shares of the semiconductor company’s stock after purchasing an additional 750 shares during the quarter. Tompkins Financial Corp’s holdings in Texas Instruments were worth $740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldstone Financial Group LLC lifted its holdings in Texas Instruments by 13.3% in the 4th quarter. Goldstone Financial Group LLC now owns 2,191 shares of the semiconductor company’s stock worth $411,000 after buying an additional 258 shares during the period. Bennett Associates Wealth Management lifted its stake in Texas Instruments by 3.7% in the fourth quarter. Bennett Associates Wealth Management now owns 1,720 shares of the semiconductor company’s stock worth $323,000 after acquiring an additional 61 shares during the period. JGP Wealth Management LLC boosted its holdings in Texas Instruments by 1.1% in the fourth quarter. JGP Wealth Management LLC now owns 15,719 shares of the semiconductor company’s stock valued at $2,947,000 after acquiring an additional 172 shares in the last quarter. Carnegie Investment Counsel increased its position in Texas Instruments by 253.1% during the 4th quarter. Carnegie Investment Counsel now owns 5,399 shares of the semiconductor company’s stock valued at $1,012,000 after purchasing an additional 3,870 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Texas Instruments by 49.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,580 shares of the semiconductor company’s stock worth $3,296,000 after purchasing an additional 5,791 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TXN. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $209.71.

Texas Instruments Trading Down 5.1 %

Shares of TXN stock opened at $187.37 on Friday. The company has a market cap of $170.92 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The stock’s 50 day simple moving average is $195.95 and its two-hundred day simple moving average is $199.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

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

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.90%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Texas Instruments 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.