Physicians Financial Services Inc. Sells 400 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Physicians Financial Services Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,699 shares of the semiconductor company’s stock after selling 400 shares during the period. Physicians Financial Services Inc.’s holdings in Texas Instruments were worth $1,384,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TXN. Tsfg LLC grew its holdings in Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 82 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the third quarter worth about $43,000. Friedenthal Financial acquired a new position in shares of Texas Instruments during the second quarter worth approximately $50,000. Beacon Capital Management LLC grew its stake in shares of Texas Instruments by 42.1% during the first quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 98 shares during the last quarter. Finally, Baldwin Brothers LLC MA increased its holdings in shares of Texas Instruments by 121.3% in the second quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America reduced their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a research note on Friday, October 18th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Truist Financial reduced their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Stock Up 0.5 %

Shares of NASDAQ:TXN traded up $1.09 during trading on Friday, hitting $218.63. 468,450 shares of the company’s stock traded hands, compared to its average volume of 5,473,086. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52 week low of $143.08 and a 52 week high of $219.50. The company has a 50-day moving average price of $203.70 and a 200-day moving average price of $197.75. The company has a market cap of $199.44 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 4.70 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS 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 net margin of 31.60% and a return on equity of 29.05%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.80 earnings per share. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.49%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Activity at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments 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 sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the 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 transaction, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

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.