Arvest Bank Trust Division Trims Position in Texas Instruments Incorporated (NASDAQ:TXN)

Arvest Bank Trust Division cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,763 shares of the semiconductor company’s stock after selling 194 shares during the period. Arvest Bank Trust Division’s holdings in Texas Instruments were worth $2,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TXN. Promus Capital LLC purchased a new position in Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth approximately $27,000. Summit Securities Group LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $28,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Trading Down 3.1 %

NASDAQ TXN opened at $146.55 on Thursday. The company’s fifty day simple moving average is $178.34 and its 200-day simple moving average is $190.25. The stock has a market cap of $133.35 billion, a P/E ratio of 28.24, a PEG ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 company posted $1.49 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 in the last three months. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TXN shares. Truist Financial reduced their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Mizuho decreased their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Citigroup dropped their target price on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $208.76.

About Texas Instruments

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.