Mechanics Financial Corp Has $81,000 Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Mechanics Financial Corp reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 433 shares of the semiconductor company’s stock after selling 133 shares during the quarter. Mechanics Financial Corp’s holdings in Texas Instruments were worth $81,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXN shares. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Mizuho dropped their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Barclays decreased their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Trading Down 2.5 %

Shares of Texas Instruments stock opened at $176.33 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a market capitalization of $160.45 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.39. The stock’s 50-day simple moving average is $186.45 and its 200 day simple moving average is $194.71.

Texas Instruments (NASDAQ:TXN) last released 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 last year, the business posted $1.49 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. 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 3.09%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock worth $59,841,304 in the last quarter. 0.57% of the stock is owned by company insiders.

Texas Instruments Profile

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.