Pinnacle Bancorp Inc. Increases Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Pinnacle Bancorp Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,472 shares of the semiconductor company’s stock after buying an additional 210 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Texas Instruments were worth $717,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advocate Group LLC grew its position in shares of Texas Instruments by 1.3% during the third quarter. Advocate Group LLC now owns 37,739 shares of the semiconductor company’s stock worth $7,796,000 after acquiring an additional 496 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in Texas Instruments by 27.4% during the 3rd quarter. Cypress Wealth Services LLC now owns 4,992 shares of the semiconductor company’s stock worth $1,031,000 after purchasing an additional 1,075 shares during the period. Perpetual Ltd acquired a new stake in Texas Instruments during the 3rd quarter worth $791,000. Wedmont Private Capital grew its position in Texas Instruments by 12.6% during the 3rd quarter. Wedmont Private Capital now owns 6,101 shares of the semiconductor company’s stock worth $1,228,000 after purchasing an additional 685 shares during the last quarter. Finally, CWM LLC increased its stake in Texas Instruments by 2.2% in the third quarter. CWM LLC now owns 72,450 shares of the semiconductor company’s stock valued at $14,966,000 after purchasing an additional 1,541 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Activity

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. This 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 this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TXN has been the subject of several recent research reports. Cantor Fitzgerald decreased their target price on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday. Susquehanna increased their price objective on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Morgan Stanley boosted their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $205.65.

Texas Instruments Price Performance

Texas Instruments stock opened at $202.47 on Friday. The firm has a market capitalization of $184.87 billion, a PE ratio of 35.15, a P/E/G ratio of 4.46 and a beta of 0.98. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The firm’s 50-day simple moving average is $201.40 and its 200 day simple moving average is $192.92. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is 90.28%.

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.