Whittier Trust Co. of Nevada Inc. Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Whittier Trust Co. of Nevada Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,740 shares of the semiconductor company’s stock after selling 504 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Texas Instruments were worth $2,673,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in Texas Instruments in the 4th quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments in the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments in the 4th quarter worth $31,000. Westend Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth $31,000. Finally, Norwood Financial Corp purchased a new stake in Texas Instruments in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insiders Place Their Bets

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Up 2.8 %

TXN stock traded up $5.75 during trading on Thursday, hitting $213.49. 2,088,698 shares of the company’s stock traded hands, compared to its average volume of 5,514,331. The firm has a market capitalization of $194.93 billion, a P/E ratio of 32.41, a PEG ratio of 4.53 and a beta of 0.99. The business has a fifty day simple moving average of $198.53 and a two-hundred day simple moving average of $185.15. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $214.11.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.44%. The ex-dividend date was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TXN shares. Rosenblatt Securities increased their price objective on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $201.95.

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.