Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Norway Savings Bank

Norway Savings Bank decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,580 shares of the semiconductor company’s stock after selling 570 shares during the period. Norway Savings Bank’s holdings in Texas Instruments were worth $740,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Richardson Financial Services Inc. purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth $31,000. Norwood Financial Corp purchased a new position in shares of Texas Instruments in the first quarter valued at $32,000. Finally, Creekmur Asset Management LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TXN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their target price on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, July 11th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Monday. Susquehanna lifted their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $205.65.

Texas Instruments Stock Performance

TXN stock traded down $6.24 during mid-day trading on Tuesday, reaching $202.41. The company had a trading volume of 1,522,665 shares, compared to its average volume of 5,441,983. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The stock has a market capitalization of $184.29 billion, a P/E ratio of 32.55, a P/E/G ratio of 4.41 and a beta of 0.98. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $202.48 and its two-hundred day simple moving average is $193.79.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share 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 firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the firm posted $1.87 EPS. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. Research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. The ex-dividend date is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.69%. Texas Instruments’s payout ratio is currently 84.87%.

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.