Exchange Bank Sells 708 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Exchange Bank trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,051 shares of the semiconductor company’s stock after selling 708 shares during the period. Texas Instruments makes up approximately 1.2% of Exchange Bank’s holdings, making the stock its 28th biggest holding. Exchange Bank’s holdings in Texas Instruments were worth $1,457,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC raised its position in shares of Texas Instruments by 18.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,135 shares of the semiconductor company’s stock valued at $1,267,000 after buying an additional 973 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in Texas Instruments by 5.3% during the third quarter. Cardinal Capital Management Inc. now owns 1,485 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 75 shares during the last quarter. Annex Advisory Services LLC raised its position in Texas Instruments by 2.4% during the third quarter. Annex Advisory Services LLC now owns 7,067 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 163 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Texas Instruments by 15.2% in the 3rd quarter. Ritholtz Wealth Management now owns 8,381 shares of the semiconductor company’s stock valued at $1,731,000 after purchasing an additional 1,107 shares during the last quarter. Finally, McNamara Financial Services Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth approximately $310,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent research reports. The Goldman Sachs Group increased their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Morgan Stanley raised their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Evercore ISI raised their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $205.65.

Texas Instruments Trading Up 1.3 %

NASDAQ TXN opened at $205.11 on Friday. The company’s 50-day simple moving average is $201.93 and its two-hundred day simple moving average is $193.40. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The company has a market capitalization of $186.75 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98. 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 (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Equities analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal 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 dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 84.87%.

Insider Activity at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Company 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.