Arrow Financial Corp Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Arrow Financial Corp lowered its position in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,130 shares of the semiconductor company’s stock after selling 401 shares during the quarter. Arrow Financial Corp’s holdings in Texas Instruments were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares in the last quarter. Morgan Stanley increased its position in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after buying an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Texas Instruments by 2.9% in the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after buying an additional 315,302 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.4 %

Shares of NASDAQ TXN traded up $0.77 during midday trading on Thursday, hitting $195.68. The stock had a trading volume of 5,198,769 shares, compared to its average volume of 5,670,643. The company has a market capitalization of $178.16 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 4.29 and a beta of 1.01. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year 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. The company has a fifty day moving average price of $179.37 and a 200 day moving average price of $169.17.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue 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. On average, analysts predict that Texas Instruments Incorporated will post 5.17 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.66%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXN shares. Mizuho lifted their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Benchmark reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.48.

Check Out Our Latest Research Report on TXN

Texas Instruments Profile

(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.

See Also

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXNFree Report).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.