Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,145 shares of the semiconductor company’s stock after selling 332 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Texas Instruments were worth $2,302,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TXN. Rossmore Private Capital boosted its holdings in Texas Instruments by 6.1% in the 3rd quarter. Rossmore Private Capital now owns 7,089 shares of the semiconductor company’s stock worth $1,464,000 after buying an additional 410 shares during the last quarter. MQS Management LLC purchased a new position in Texas Instruments in the 3rd quarter valued at $281,000. Simmons Bank lifted its stake in shares of Texas Instruments by 0.9% in the third quarter. Simmons Bank now owns 33,498 shares of the semiconductor company’s stock worth $6,920,000 after buying an additional 304 shares in the last quarter. Chase Investment Counsel Corp boosted its position in Texas Instruments by 5.3% during the third quarter. Chase Investment Counsel Corp now owns 2,862 shares of the semiconductor company’s stock worth $591,000 after acquiring an additional 145 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in Texas Instruments by 10.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 7,681 shares of the semiconductor company’s stock valued at $1,587,000 after acquiring an additional 717 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,548 shares of company stock worth $5,341,235. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of analyst reports. KeyCorp upped their price target on Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI raised their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

Texas Instruments stock opened at $205.72 on Thursday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments Incorporated has a 52-week low of $148.91 and a 52-week high of $220.38. The firm has a market cap of $187.66 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company’s 50 day moving average is $204.20 and its two-hundred day moving average is $199.21.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.64%. Texas Instruments’s payout ratio is currently 101.12%.

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.