Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,606 shares of the semiconductor company's stock after selling 2,361 shares during the quarter. FineMark National Bank & Trust's holdings in Texas Instruments were worth $1,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Promus Capital LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Texas Instruments during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc bought a new stake in shares of Texas Instruments in the fourth quarter worth about $37,000. Institutional investors own 84.99% of the company's stock.

Insiders Place Their Bets

In other news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company's stock.

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Texas Instruments Price Performance

Shares of Texas Instruments stock traded down $4.43 during mid-day trading on Friday, reaching $176.33. 5,490,538 shares of the stock traded hands, compared to its average volume of 5,708,235. The stock has a market capitalization of $160.45 billion, a PE ratio of 33.97, a PEG ratio of 3.30 and a beta of 0.98. The business has a 50-day moving average of $186.45 and a 200 day moving average of $194.68. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a dividend of $1.36 per share. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.09%. Texas Instruments's payout ratio is 104.82%.

Analysts Set New Price Targets

TXN has been the topic of a number of research reports. Barclays decreased their price objective on Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Mizuho decreased their target price 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, Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.