Norwood Financial Corp Invests $32,000 in Texas Instruments Incorporated (NASDAQ:TXN)

Norwood Financial Corp bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 186 shares of the semiconductor company’s stock, valued at approximately $32,000.

Several other large investors also recently made changes to their positions in the business. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Texas Instruments in the fourth quarter valued at about $31,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of several recent research reports. Mizuho raised their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna increased their target price on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. Benchmark increased their target price on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Cantor Fitzgerald increased their target price on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $183.43.

Texas Instruments Stock Up 0.6 %

Shares of NASDAQ:TXN traded up $1.10 during mid-day trading on Friday, reaching $194.53. 8,858,530 shares of the stock were exchanged, compared to its average volume of 5,577,100. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The stock’s 50 day simple moving average is $190.26 and its 200-day simple moving average is $175.16. The company has a market cap of $177.12 billion, a P/E ratio of 30.35, a P/E/G ratio of 4.18 and a beta of 1.00. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.