First Western Trust Bank Sells 4,342 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

First Western Trust Bank lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,552 shares of the semiconductor company's stock after selling 4,342 shares during the quarter. Texas Instruments accounts for 0.4% of First Western Trust Bank's portfolio, making the stock its 22nd biggest holding. First Western Trust Bank's holdings in Texas Instruments were worth $8,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Research Global Investors lifted its stake in shares of Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company's stock worth $1,523,415,000 after buying an additional 64,067 shares during the period. Van ECK Associates Corp raised its holdings in shares of Texas Instruments by 3.6% in the third quarter. Van ECK Associates Corp now owns 6,168,241 shares of the semiconductor company's stock worth $1,244,381,000 after buying an additional 212,888 shares during the period. Fayez Sarofim & Co raised its holdings in shares of Texas Instruments by 2.5% in the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock worth $744,218,000 after buying an additional 104,806 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Texas Instruments by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company's stock worth $778,750,000 after purchasing an additional 129,717 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Transactions at Texas Instruments

In other Texas Instruments 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 value of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company's stock, valued at $2,473,238.94. This represents a 39.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Corporate insiders own 0.68% of the company's stock.

Texas Instruments Price Performance

Shares of Texas Instruments stock traded up $5.97 on Monday, hitting $207.09. The company's stock had a trading volume of 2,740,923 shares, compared to its average volume of 5,492,263. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 1 year low of $151.27 and a 1 year high of $220.38. The firm has a fifty day moving average price of $204.39 and a 200-day moving average price of $199.79. The company has a market capitalization of $188.91 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $1.36 dividend. 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 dividend on an annualized basis and a yield of 2.63%. Texas Instruments's dividend payout ratio (DPR) is 101.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup upgraded 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 report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $206.95.

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.