Grove Bank & Trust Has $1.70 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Grove Bank & Trust trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 12.9% during the third quarter, Holdings Channel reports. The firm owned 8,238 shares of the semiconductor company’s stock after selling 1,216 shares during the quarter. Grove Bank & Trust’s holdings in Texas Instruments were worth $1,702,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Novare Capital Management LLC boosted its position in Texas Instruments by 0.6% during the third quarter. Novare Capital Management LLC now owns 77,978 shares of the semiconductor company’s stock worth $16,108,000 after purchasing an additional 480 shares during the period. Elk River Wealth Management LLC lifted its stake in shares of Texas Instruments by 1.5% during the 3rd quarter. Elk River Wealth Management LLC now owns 33,256 shares of the semiconductor company’s stock worth $6,870,000 after buying an additional 501 shares during the last quarter. Empirical Asset Management LLC lifted its stake in shares of Texas Instruments by 0.7% during the 3rd quarter. Empirical Asset Management LLC now owns 15,911 shares of the semiconductor company’s stock worth $3,287,000 after buying an additional 105 shares during the last quarter. Sapient Capital LLC boosted its holdings in shares of Texas Instruments by 0.5% during the 3rd quarter. Sapient Capital LLC now owns 181,045 shares of the semiconductor company’s stock worth $37,398,000 after buying an additional 964 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Texas Instruments by 3.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,949 shares of the semiconductor company’s stock valued at $2,675,000 after buying an additional 435 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $2.73 during trading on Monday, reaching $207.84. 774,615 shares of the company’s stock were exchanged, compared to its average volume of 5,449,066. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a market cap of $189.23 billion, a P/E ratio of 32.15, a PEG ratio of 4.41 and a beta of 0.98. The firm’s 50-day moving average price is $201.93 and its 200 day moving average price is $193.55.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $1.36 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.62%. Texas Instruments’s dividend payout ratio is presently 84.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TXN shares. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group lifted their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Truist Financial decreased their price objective on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald decreased their price target on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $205.65.

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.