Glenview Trust co Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Glenview Trust co cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,856 shares of the semiconductor company’s stock after selling 368 shares during the quarter. Glenview Trust co’s holdings in Texas Instruments were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Financial Life Planners bought a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $27,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the third quarter worth $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $28,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Trading Up 2.0 %

TXN stock opened at $179.99 on Tuesday. The company has a market capitalization of $163.78 billion, a PE ratio of 34.68, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39. The firm’s 50-day moving average is $188.36 and its 200 day moving average is $196.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the prior year, the firm posted $1.49 EPS. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is presently 104.82%.

Analyst Ratings Changes

Several research firms have commented on TXN. Mizuho lowered their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $209.20.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction 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 trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This trade represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last 90 days. Company insiders own 0.57% of the company’s stock.

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.