Patten & Patten Inc. TN Has $10.73 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Patten & Patten Inc. TN reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,221 shares of the semiconductor company’s stock after selling 714 shares during the period. Patten & Patten Inc. TN’s holdings in Texas Instruments were worth $10,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments in the 3rd quarter worth $28,000. Financial Life Planners bought a new position in shares of Texas Instruments in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $28,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total value of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

TXN has been the topic of several recent research reports. Barclays reduced their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Truist Financial reduced their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

NASDAQ:TXN opened at $176.42 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock’s 50-day simple moving average is $188.61 and its 200 day simple moving average is $196.37. The company has a market cap of $160.53 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 earned $1.49 EPS. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, January 31st. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.