Massmutual Trust Co. FSB ADV Grows Position in Texas Instruments Incorporated (NASDAQ:TXN)

Massmutual Trust Co. FSB ADV increased its position in Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,765 shares of the semiconductor company’s stock after purchasing an additional 2,683 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Texas Instruments were worth $6,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the fourth quarter valued at $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Richardson Financial Services Inc. purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in Texas Instruments during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last ninety days. Insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Texas Instruments stock traded down $2.96 during midday trading on Thursday, reaching $193.29. 498,386 shares of the stock traded hands, compared to its average volume of 5,514,766. The stock’s fifty day moving average is $186.32 and its 200-day moving average is $173.50. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $206.00. The stock has a market cap of $175.99 billion, a P/E ratio of 30.62, a PEG ratio of 4.25 and a beta of 1.00. 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:TXNGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Analyst Ratings Changes

Several research firms have recently weighed in on TXN. Mizuho boosted their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Barclays boosted their price target on Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Cantor Fitzgerald boosted their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Evercore ISI lifted 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, Jefferies Financial Group lowered Texas Instruments from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $175.00 in a report on Monday, May 13th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $182.48.

Check Out Our Latest Research Report on Texas Instruments

Texas Instruments Company 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.

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

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