NBT Bank N A NY Has $2.33 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

NBT Bank N A NY increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,981 shares of the semiconductor company's stock after acquiring an additional 2,763 shares during the quarter. NBT Bank N A NY's holdings in Texas Instruments were worth $2,331,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new position in Texas Instruments in the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Texas Instruments during the 4th quarter worth $31,000. Westend Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $31,000. Finally, Norwood Financial Corp purchased a new position in Texas Instruments during the first quarter worth about $32,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Trading Up 1.5 %

NASDAQ:TXN traded up $3.25 during trading hours on Friday, reaching $214.34. 5,861,054 shares of the company were exchanged, compared to its average volume of 5,537,430. The firm has a market cap of $195.15 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 4.53 and a beta of 0.99. The stock has a 50 day simple moving average of $199.51 and a 200 day simple moving average of $185.85. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping 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 business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the company posted $1.87 EPS. The business's quarterly revenue was down 15.6% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.43%. Texas Instruments's dividend payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction dated 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 directly owns 11,806 shares of the company's stock, valued at $2,473,238.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last ninety days. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXN. JPMorgan Chase & Co. boosted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Morgan Stanley upped their price target on Texas Instruments from $150.00 to $156.00 and gave the stock an "underweight" rating in a report on Thursday, July 11th. Wells Fargo & Company assumed coverage on Texas Instruments in a report on Thursday, May 16th. They set an "underweight" rating and a $150.00 price objective for the company. Barclays upped their target price on Texas Instruments from $190.00 to $210.00 and gave the company an "equal weight" rating in a report on Wednesday, July 24th. Finally, KeyCorp lifted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.