1ST Source Bank Trims Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

1ST Source Bank lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,727 shares of the semiconductor company’s stock after selling 203 shares during the quarter. 1ST Source Bank’s holdings in Texas Instruments were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Westend Capital Management LLC purchased a new position in shares of Texas Instruments in the first quarter valued at approximately $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments in the first quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC increased its stake in Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after buying an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 2.0 %

TXN opened at $199.93 on Friday. The stock has a market capitalization of $182.55 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $214.66. The business’s 50-day simple moving average is $200.69 and its 200-day simple moving average is $188.81.

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 analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.60%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 11,806 shares in the company, valued at $2,473,238.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TXN shares. Truist Financial dropped their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Robert W. Baird boosted their price objective on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $204.67.

Texas Instruments 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.