Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by FineMark National Bank & Trust (2024)

FineMark National Bank & Trust cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 24.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,735 shares of the semiconductor company's stock after selling 6,041 shares during the period. FineMark National Bank & Trust's holdings in Texas Instruments were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AXQ Capital LP increased its holdings in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company's stock valued at $731,000 after buying an additional 1,800 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company's stock valued at $1,336,000 after buying an additional 2,397 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Texas Instruments by 4.9% in the third quarter. Kestra Advisory Services LLC now owns 121,907 shares of the semiconductor company's stock valued at $19,384,000 after buying an additional 5,673 shares in the last quarter. Wintrust Investments LLC increased its holdings in Texas Instruments by 10.6% in the second quarter. Wintrust Investments LLC now owns 10,918 shares of the semiconductor company's stock valued at $1,966,000 after buying an additional 1,048 shares in the last quarter. Finally, Metropolis Capital Ltd increased its holdings in Texas Instruments by 41.6% in the third quarter. Metropolis Capital Ltd now owns 1,952,381 shares of the semiconductor company's stock valued at $310,448,000 after buying an additional 573,241 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company's stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

Texas Instruments Trading Down 0.9 %

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Shares of NASDAQ TXN traded down $1.52 during trading on Friday, reaching $173.75. The stock had a trading volume of 1,011,412 shares, compared to its average volume of 5,563,274. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The business's 50-day moving average price is $165.27 and its 200-day moving average price is $160.59. The company has a market cap of $157.99 billion, a P/E ratio of 24.83, a PEG ratio of 3.69 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $4.12 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The company's revenue was down 12.7% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.99%. Texas Instruments's dividend payout ratio is currently 73.65%.

Analyst Upgrades and Downgrades

TXN has been the subject of a number of research reports. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a "neutral" rating for the company in a research note on Wednesday, January 24th. Susquehanna cut their target price on shares of Texas Instruments from $205.00 to $200.00 and set a "positive" rating for the company in a research note on Wednesday, January 24th. Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 24th. Benchmark reissued a "buy" rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, November 15th. Finally, UBS Group raised shares of Texas Instruments from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $173.89.

View Our Latest Stock Report on TXN

About Texas Instruments

(Free Report)

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.

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