Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lessened by AMG National Trust Bank

AMG National Trust Bank reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 45.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,051 shares of the semiconductor company's stock after selling 21,073 shares during the quarter. AMG National Trust Bank's holdings in Texas Instruments were worth $5,175,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. KCM Investment Advisors LLC boosted its stake in shares of Texas Instruments by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company's stock valued at $738,000 after purchasing an additional 50 shares during the period. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company's stock valued at $612,000 after purchasing an additional 51 shares during the period. Lansing Street Advisors boosted its stake in shares of Texas Instruments by 4.7% in the third quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 51 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in shares of Texas Instruments by 1.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company's stock valued at $1,030,000 after purchasing an additional 52 shares during the period. Finally, ABLE Financial Group LLC raised its holdings in Texas Instruments by 2.9% in the third quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 52 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

TXN traded up $6.06 on Monday, reaching $207.18. The company had a trading volume of 7,902,916 shares, compared to its average volume of 5,515,451. The company has a fifty day moving average of $204.51 and a 200-day moving average of $200.01. The company has a market capitalization of $188.99 billion, a P/E ratio of 38.51, a PEG ratio of 4.40 and a beta of 0.99. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a one year low of $151.27 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results 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. The firm had revenue of $4.15 billion during 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%. Texas Instruments's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Thursday, October 31st. This is a positive change from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is currently 101.12%.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction dated 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 directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares of the company's stock, valued at $6,035,956.60. This represents a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock worth $5,341,235 in the last 90 days. Corporate insiders own 0.68% of the company's stock.

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.