Security National Bank Has $5.16 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)


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Security National Bank trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 44.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,293 shares of the semiconductor company’s stock after selling 22,212 shares during the period. Texas Instruments comprises about 1.5% of Security National Bank’s portfolio, making the stock its 28th largest position. Security National Bank’s holdings in Texas Instruments were worth $5,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TXN. Icon Advisers Inc. Co. increased its stake in Texas Instruments by 141.1% in the 4th quarter. Icon Advisers Inc. Co. now owns 13,500 shares of the semiconductor company’s stock valued at $2,216,000 after buying an additional 7,900 shares during the last quarter. Steel Peak Wealth Management LLC increased its stake in Texas Instruments by 4.2% in the 4th quarter. Steel Peak Wealth Management LLC now owns 61,805 shares of the semiconductor company’s stock valued at $10,144,000 after buying an additional 2,514 shares during the last quarter. City Holding Co. increased its stake in Texas Instruments by 17.8% in the 4th quarter. City Holding Co. now owns 20,027 shares of the semiconductor company’s stock valued at $3,287,000 after buying an additional 3,033 shares during the last quarter. FormulaFolio Investments LLC increased its stake in Texas Instruments by 563.1% in the 4th quarter. FormulaFolio Investments LLC now owns 11,093 shares of the semiconductor company’s stock valued at $1,821,000 after buying an additional 9,420 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its stake in Texas Instruments by 1.1% in the 4th quarter. Stokes Capital Advisors LLC now owns 30,233 shares of the semiconductor company’s stock valued at $4,962,000 after buying an additional 337 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

In other news, CEO Richard K. Templeton sold 112,500 shares of Texas Instruments stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $166.13, for a total value of $18,689,625.00. Following the completion of the sale, the chief executive officer now directly owns 579,059 shares in the company, valued at $96,199,071.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard K. Templeton sold 109,584 shares of Texas Instruments stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $170.05, for a total transaction of $18,634,759.20. Following the completion of the sale, the chief executive officer now owns 579,059 shares of the company’s stock, valued at $98,468,982.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 544,325 shares of company stock valued at $92,809,465. 0.73% of the stock is owned by company insiders.

Several brokerages have issued reports on TXN. Oppenheimer lifted their price target on shares of Texas Instruments from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, January 21st. Barclays lifted their price objective on shares of Texas Instruments from $140.00 to $155.00 and gave the company an “underweight” rating in a research report on Tuesday, January 26th. They noted that the move was a valuation call. Rosenblatt Securities upped their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, January 27th. The Goldman Sachs Group lifted their price target on Texas Instruments from $162.00 to $171.00 and gave the stock a “sell” rating in a report on Monday, December 14th. Finally, Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $162.00 and gave the stock an “underweight” rating in a report on Wednesday, January 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $169.64.

TXN stock traded up $1.19 during mid-day trading on Thursday, hitting $194.28. 69,071 shares of the company were exchanged, compared to its average volume of 4,875,596. The business has a 50 day simple moving average of $178.13 and a 200-day simple moving average of $163.90. The company has a current ratio of 4.24, a quick ratio of 3.29 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $178.78 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a 1-year low of $105.30 and a 1-year high of $197.58.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.30. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. Equities research analysts expect that Texas Instruments Incorporated will post 5.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 8th. Stockholders of record on Monday, February 1st were given a $1.02 dividend. The ex-dividend date of this dividend was Friday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.10%. Texas Instruments’s payout ratio is 77.86%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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