Hilltop National Bank Raises Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Hilltop National Bank raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,407 shares of the semiconductor company’s stock after buying an additional 148 shares during the quarter. Hilltop National Bank’s holdings in Texas Instruments were worth $264,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Strategies LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter worth about $230,000. Main Street Financial Solutions LLC lifted its stake in Texas Instruments by 2.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 6,139 shares of the semiconductor company’s stock valued at $1,194,000 after acquiring an additional 149 shares during the period. Meeder Asset Management Inc. lifted its stake in Texas Instruments by 12.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 224,258 shares of the semiconductor company’s stock valued at $43,625,000 after acquiring an additional 25,364 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Texas Instruments by 15.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,287,250 shares of the semiconductor company’s stock valued at $250,053,000 after acquiring an additional 173,228 shares during the period. Finally, Meeder Advisory Services Inc. lifted its stake in Texas Instruments by 24.1% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,409 shares of the semiconductor company’s stock valued at $2,414,000 after acquiring an additional 2,408 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Evercore ISI upped their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Trading Down 0.8 %

Shares of TXN opened at $190.15 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $155.46 and a 1 year high of $220.38. The company has a 50 day simple moving average of $196.73 and a two-hundred day simple moving average of $199.70. The firm has a market cap of $173.46 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the firm posted $1.80 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is an increase 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 2.86%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio is currently 101.12%.

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.