Webster Bank N. A. Grows Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Webster Bank N. A. lifted its position in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,663 shares of the semiconductor company’s stock after buying an additional 278 shares during the period. Webster Bank N. A.’s holdings in Texas Instruments were worth $283,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bollard Group LLC boosted its holdings in Texas Instruments by 4.6% in the second quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 60 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Texas Instruments by 2.8% in the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after buying an additional 61 shares during the last quarter. Polar Capital Holdings Plc lifted its stake in shares of Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after buying an additional 63 shares during the period. Finally, Abacus Planning Group Inc. grew its holdings in shares of Texas Instruments by 3.7% during the third quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 64 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of research reports. Barclays lowered their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. TD Cowen raised their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Mizuho dropped their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $173.89.

Read Our Latest Research Report on TXN

Insiders Place Their Bets

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

Texas Instruments Stock Down 1.6 %

Shares of TXN opened at $170.36 on Wednesday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $166.67 and a two-hundred day simple moving average of $161.08. The company has a market capitalization of $155.04 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 3.73 and a beta of 1.04.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the business earned $2.13 earnings per share. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were given a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.05%. Texas Instruments’s payout ratio is 73.65%.

About Texas Instruments

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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