Peoples Bank OH Sells 79 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Peoples Bank OH cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the first quarter, HoldingsChannel reports. The fund owned 1,889 shares of the semiconductor company’s stock after selling 79 shares during the period. Peoples Bank OH’s holdings in Texas Instruments were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TXN. Penserra Capital Management LLC grew its stake in shares of Texas Instruments by 2.7% during the 3rd quarter. Penserra Capital Management LLC now owns 24,428 shares of the semiconductor company’s stock valued at $3,881,000 after acquiring an additional 637 shares during the period. Harbour Investments Inc. lifted its holdings in Texas Instruments by 2.1% in the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after purchasing an additional 67 shares in the last quarter. Creative Planning lifted its holdings in Texas Instruments by 12.0% in the 3rd quarter. Creative Planning now owns 161,738 shares of the semiconductor company’s stock worth $25,718,000 after purchasing an additional 17,280 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in Texas Instruments by 3.3% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,219 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 70 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Texas Instruments by 272.2% in the 3rd quarter. Comerica Bank now owns 346,573 shares of the semiconductor company’s stock worth $55,109,000 after purchasing an additional 253,447 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TXN. Benchmark boosted their price target on Texas Instruments from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Stifel Nicolaus boosted their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target on the stock. Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $183.43.

Texas Instruments Trading Down 0.7 %

TXN traded down $1.31 during trading on Tuesday, reaching $200.16. The company had a trading volume of 3,708,780 shares, compared to its average volume of 5,473,963. The stock has a market cap of $182.24 billion, a P/E ratio of 31.23, a PEG ratio of 4.31 and a beta of 0.99. The business has a 50 day simple moving average of $193.85 and a 200-day simple moving average of $176.91. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week 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.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results 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. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm 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. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Texas Instruments’s payout ratio is 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now 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 quarter. Company insiders own 0.68% of the company’s stock.

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.