Sunflower Bank N.A. Acquires Shares of 1,205 Texas Instruments Incorporated (NASDAQ:TXN)

Sunflower Bank N.A. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,205 shares of the semiconductor company’s stock, valued at approximately $226,000.

Other hedge funds also recently modified their holdings of the company. Westover Capital Advisors LLC acquired a new position in shares of Texas Instruments during the 2nd quarter worth $292,000. Parallel Advisors LLC lifted its holdings in shares of Texas Instruments by 1.5% in the second quarter. Parallel Advisors LLC now owns 21,633 shares of the semiconductor company’s stock worth $4,208,000 after acquiring an additional 330 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Texas Instruments by 65.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,591 shares of the semiconductor company’s stock valued at $1,282,000 after purchasing an additional 2,616 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Texas Instruments by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,756,505 shares of the semiconductor company’s stock valued at $341,693,000 after purchasing an additional 37,530 shares during the last quarter. Finally, Williams Financial LLC acquired a new position in Texas Instruments during the 2nd quarter worth approximately $472,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.5 %

Shares of TXN traded up $0.94 during trading hours on Monday, reaching $191.09. The stock had a trading volume of 4,755,239 shares, compared to its average volume of 4,999,849. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $196.73 and a 200 day simple moving average of $199.78. Texas Instruments Incorporated has a 12 month low of $155.46 and a 12 month high of $220.38. The company has a market capitalization of $174.32 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 4.19 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.85%. Texas Instruments’s payout ratio is 101.12%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TXN has been the topic of a number of research analyst reports. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Susquehanna reduced their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Evercore ISI raised their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $209.71.

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.