NBT Bank N A NY Sells 77 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

NBT Bank N A NY lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,847 shares of the semiconductor company’s stock after selling 77 shares during the period. NBT Bank N A NY’s holdings in Texas Instruments were worth $2,221,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TXN. Promus Capital LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Financial Life Planners bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments during the 3rd quarter worth approximately $28,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 completion of the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last three months. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Down 2.1 %

NASDAQ:TXN opened at $186.49 on Tuesday. Texas Instruments Incorporated has a twelve month low of $159.11 and a twelve month high of $220.38. The company has a market cap of $169.69 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The stock has a fifty day simple moving average of $189.60 and a 200-day simple moving average of $197.23. 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 (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $1.49 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.92%. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TXN. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Finally, Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $209.20.

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.