Cutler Investment Counsel LLC Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Cutler Investment Counsel LLC reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 61,739 shares of the semiconductor company’s stock after selling 1,859 shares during the quarter. Texas Instruments makes up about 1.4% of Cutler Investment Counsel LLC’s holdings, making the stock its 25th largest holding. Cutler Investment Counsel LLC’s holdings in Texas Instruments were worth $11,577,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. boosted its holdings in Texas Instruments by 17.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after buying an additional 778 shares during the last quarter. Americana Partners LLC increased its position in shares of Texas Instruments by 11.4% during the fourth quarter. Americana Partners LLC now owns 18,013 shares of the semiconductor company’s stock worth $3,378,000 after purchasing an additional 1,849 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Texas Instruments during the 4th quarter worth $83,000. Valmark Advisers Inc. boosted its position in Texas Instruments by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 122 shares during the last quarter. Finally, L.M. Kohn & Company grew its stake in Texas Instruments by 4.2% during the 4th quarter. L.M. Kohn & Company now owns 1,601 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s 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 sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TXN. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Bank of America lowered their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Mizuho cut 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

NASDAQ TXN opened at $183.03 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The company has a market cap of $166.96 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.95 and a beta of 0.97. The stock has a 50-day moving average of $188.18 and a two-hundred day moving average of $197.36. Texas Instruments Incorporated has a 1-year low of $158.90 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share 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 quarter in the prior year, the company posted $1.49 EPS. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.38 EPS for the current year.

Texas Instruments Announces Dividend

The company 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. 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 2.97%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.