First Citizens Bank & Trust Co. Has $730,000 Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First Citizens Bank & Trust Co. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,532 shares of the semiconductor company’s stock after selling 305 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Texas Instruments were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tsfg LLC grew its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Norwood Financial Corp acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Tradewinds Capital Management LLC grew its position in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the sale, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TXN. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Monday, October 14th. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Barclays lifted their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $207.15.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $198.47 on Monday. The stock has a market cap of $181.21 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $203.30 and its two-hundred day simple moving average is $194.56.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for 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 business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 EPS. As a group, analysts forecast that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is presently 90.28%.

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.