Sanibel Captiva Trust Company Inc. Grows Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Sanibel Captiva Trust Company Inc. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 21.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,623 shares of the semiconductor company’s stock after buying an additional 2,601 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Texas Instruments were worth $2,742,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the third quarter valued at $28,000. Retirement Wealth Solutions LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at about $27,000. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Texas Instruments in the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Texas Instruments in the third quarter worth approximately $41,000. Institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TXN shares. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird decreased their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays dropped their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Trading Up 2.7 %

NASDAQ:TXN opened at $192.42 on Friday. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The stock has a market cap of $175.53 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.69 and a beta of 0.98. The company’s 50 day moving average price is $194.79 and its 200-day moving average price is $199.64. 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 (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s payout ratio is presently 101.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction dated 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 transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.