Community Bank N.A. Cuts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Community Bank N.A. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,820 shares of the semiconductor company’s stock after selling 2,280 shares during the quarter. Community Bank N.A.’s holdings in Texas Instruments were worth $5,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TXN. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments in the fourth quarter valued at $28,000. Finally, Atala Financial Inc acquired a new position in Texas Instruments in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Mizuho decreased 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 note on Friday, January 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their target price on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Trading Down 0.9 %

NASDAQ TXN opened at $179.00 on Friday. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $162.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.30 and a beta of 0.97. The firm has a 50-day moving average price of $187.47 and a 200 day moving average price of $195.33.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $1.49 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.04%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

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.