CoreFirst Bank & Trust Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

CoreFirst Bank & Trust purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,277 shares of the semiconductor company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Promus Capital LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners acquired a new position in Texas Instruments in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Up 3.6 %

NASDAQ:TXN opened at $185.51 on Tuesday. The stock has a market capitalization of $168.80 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 1 year low of $159.11 and a 1 year high of $220.39. The stock has a fifty day moving average price of $187.36 and a two-hundred day moving average price of $195.16. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating 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 period in the previous year, the business earned $1.49 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TXN. Barclays cut their price target on 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. Wells Fargo & Company cut their target price on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho decreased their price target 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. 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. 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

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.