Fiduciary Trust Co Has $6.75 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Fiduciary Trust Co trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,572 shares of the semiconductor company’s stock after selling 274 shares during the quarter. Fiduciary Trust Co’s holdings in Texas Instruments were worth $6,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Field & Main Bank lifted its stake in Texas Instruments by 10.4% in the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the period. Howard Financial Services LTD. lifted its stake in Texas Instruments by 3.1% in the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the period. Sandy Spring Bank raised its position in shares of Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 66 shares during the period. Harbour Investments Inc. raised its position in shares of Texas Instruments by 2.1% during the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after purchasing an additional 67 shares during the period. Finally, Hartford Financial Management Inc. raised its position in shares of Texas Instruments by 0.4% during the fourth quarter. Hartford Financial Management Inc. now owns 18,044 shares of the semiconductor company’s stock worth $3,076,000 after purchasing an additional 68 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Stifel Nicolaus upped their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Cantor Fitzgerald increased their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Benchmark reiterated a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Barclays increased their price target on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $182.48.

Insider Transactions at Texas Instruments

In other news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 over the last quarter. 0.68% of the stock is currently owned by insiders.

Texas Instruments Trading Down 2.3 %

Shares of NASDAQ TXN traded down $4.69 during midday trading on Wednesday, hitting $194.91. 5,600,856 shares of the company traded hands, compared to its average volume of 5,674,915. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $206.00. The firm has a market cap of $177.46 billion, a P/E ratio of 31.14, a P/E/G ratio of 4.28 and a beta of 1.01. The stock has a 50-day moving average price of $178.41 and a 200 day moving average price of $168.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 5.17 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

About Texas Instruments

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.