Community Bank N.A. Increases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Community Bank N.A. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,855 shares of the semiconductor company’s stock after purchasing an additional 280 shares during the quarter. Community Bank N.A.’s holdings in Texas Instruments were worth $5,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXN. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System lifted its stake in shares of Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $196,135,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Texas Instruments Stock Up 5.6 %

Shares of TXN traded up $9.34 during trading hours on Wednesday, hitting $174.81. The company had a trading volume of 13,963,651 shares, compared to its average volume of 5,668,004. The company has a market capitalization of $159.09 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The company’s fifty day moving average price is $168.66 and its two-hundred day moving average price is $161.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday. Stifel Nicolaus raised their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday. Truist Financial lifted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and lifted their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $181.79.

Texas Instruments 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.