Sabal Trust CO Lowers Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Sabal Trust CO reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,022 shares of the semiconductor company’s stock after selling 4,645 shares during the quarter. Texas Instruments accounts for 2.1% of Sabal Trust CO’s portfolio, making the stock its 10th largest position. Sabal Trust CO’s holdings in Texas Instruments were worth $36,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at $202,000. Salomon & Ludwin LLC increased its position in Texas Instruments by 16.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 459 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 64 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Texas Instruments by 4.0% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,848 shares of the semiconductor company’s stock worth $795,000 after acquiring an additional 148 shares during the last quarter. Autumn Glory Partners LLC lifted its position in shares of Texas Instruments by 41.5% during the third quarter. Autumn Glory Partners LLC now owns 7,286 shares of the semiconductor company’s stock worth $1,508,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC grew its stake in shares of Texas Instruments by 4.0% during the third quarter. Strategic Wealth Investment Group LLC now owns 34,676 shares of the semiconductor company’s stock valued at $6,991,000 after purchasing an additional 1,332 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.4 %

Texas Instruments stock opened at $199.98 on Wednesday. The company has a fifty day simple moving average of $188.91 and a 200 day simple moving average of $197.69. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 1-year low of $159.11 and a 1-year high of $220.38. The company has a market cap of $182.05 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company earned $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.72%. Texas Instruments’s payout ratio is 104.82%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TXN shares. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Mizuho dropped their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $209.20.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 200,655 shares of company stock worth $40,665,374. 0.68% of the stock is owned by company insiders.

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.