Cape ANN Savings Bank Buys 290 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cape ANN Savings Bank grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,833 shares of the semiconductor company’s stock after buying an additional 290 shares during the quarter. Cape ANN Savings Bank’s holdings in Texas Instruments were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $61,000. Leo Wealth LLC acquired a new position in Texas Instruments in the fourth quarter valued at $1,072,000. MONECO Advisors LLC acquired a new position in Texas Instruments in the fourth quarter valued at $249,000. Sivia Capital Partners LLC acquired a new position in Texas Instruments in the fourth quarter valued at $214,000. Finally, Spartan Planning & Wealth Management acquired a new position in Texas Instruments in the fourth quarter valued at $176,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.5 %

TXN stock traded up $1.00 during trading on Monday, reaching $194.90. The stock had a trading volume of 3,758,919 shares, compared to its average volume of 5,579,366. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $206.00. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $185.32 and its two-hundred day moving average is $173.05. The company has a market capitalization of $177.45 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 4.20 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm posted $1.85 EPS. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. Equities research analysts forecast that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TXN shares. Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $182.48.

Insider Buying and Selling at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 over the last three months. 0.68% of the stock is currently 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.