UMB Bank n.a. Lowers Position in Texas Instruments Incorporated (NASDAQ:TXN)

UMB Bank n.a. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,361 shares of the semiconductor company’s stock after selling 1,768 shares during the quarter. UMB Bank n.a.’s holdings in Texas Instruments were worth $31,382,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Community Bank of Raymore raised its holdings in Texas Instruments by 32.6% during the 4th quarter. Community Bank of Raymore now owns 2,805 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 690 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of Texas Instruments by 20.1% in the fourth quarter. Diversify Advisory Services LLC now owns 4,149 shares of the semiconductor company’s stock worth $789,000 after purchasing an additional 694 shares during the last quarter. Diversify Wealth Management LLC raised its position in Texas Instruments by 75.9% during the 4th quarter. Diversify Wealth Management LLC now owns 2,035 shares of the semiconductor company’s stock valued at $387,000 after purchasing an additional 878 shares during the last quarter. Eldred Rock Partners LLC lifted its holdings in Texas Instruments by 0.3% in the 4th quarter. Eldred Rock Partners LLC now owns 46,881 shares of the semiconductor company’s stock worth $8,799,000 after buying an additional 121 shares during the period. Finally, Annex Advisory Services LLC grew its position in shares of Texas Instruments by 1.7% in the 4th quarter. Annex Advisory Services LLC now owns 7,190 shares of the semiconductor company’s stock worth $1,348,000 after buying an additional 123 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXN shares. Truist Financial dropped their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Stock Up 2.7 %

Shares of TXN stock opened at $192.42 on Monday. Texas Instruments Incorporated has a one year low of $155.46 and a one year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market capitalization 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 fifty day moving average price is $194.79 and its 200-day moving average price is $199.65.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio is currently 101.12%.

Texas Instruments Profile

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.