PNC Financial Services Group Inc. Reduces Position in Texas Instruments Incorporated (NASDAQ:TXN)

PNC Financial Services Group Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,289,962 shares of the semiconductor company's stock after selling 7,557 shares during the period. PNC Financial Services Group Inc. owned about 0.14% of Texas Instruments worth $241,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners acquired a new position in Texas Instruments during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments during the fourth quarter worth about $27,000. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the third quarter worth about $28,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Texas Instruments during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. Company insiders own 0.68% of the company's stock.

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Texas Instruments Trading Up 0.6 %

Shares of TXN stock traded up $1.18 during trading hours on Friday, hitting $190.52. The company had a trading volume of 7,705,855 shares, compared to its average volume of 6,630,158. The company's fifty day moving average is $189.62 and its 200 day moving average is $197.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.38. The stock has a market capitalization of $173.36 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the company posted $1.49 EPS. Research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is currently 104.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Mizuho lowered their price target on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $209.20.

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.