Farmers Trust Co. Sells 50 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Farmers Trust Co. reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Farmers Trust Co.’s holdings in Texas Instruments were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Richardson Financial Services Inc. bought a new stake in Texas Instruments in the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments in the 4th quarter valued at $26,000. Westend Capital Management LLC bought a new stake in Texas Instruments in the 1st quarter valued at $31,000. Norwood Financial Corp bought a new stake in shares of Texas Instruments during the 1st quarter valued at $32,000. Finally, Fortis Group Advisors LLC lifted its position in shares of Texas Instruments by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 98 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Susquehanna upped their target price on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Robert W. Baird upped their target price on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Evercore ISI upped their target price on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $204.67.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock worth $3,255,323 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 0.5 %

Shares of NASDAQ TXN traded up $1.04 during trading on Friday, reaching $202.71. The company had a trading volume of 4,093,115 shares, compared to its average volume of 5,517,729. The company’s fifty day moving average price is $201.36 and its 200-day moving average price is $192.09. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $214.66. The stock has a market cap of $184.56 billion, a P/E ratio of 31.62, a PEG ratio of 4.42 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.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the company earned $1.87 EPS. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is presently 84.87%.

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.