Pinnacle Financial Partners Inc Sells 332 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pinnacle Financial Partners Inc trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,145 shares of the semiconductor company’s stock after selling 332 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Texas Instruments were worth $2,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rossmore Private Capital boosted its holdings in shares of Texas Instruments by 6.1% in the third quarter. Rossmore Private Capital now owns 7,089 shares of the semiconductor company’s stock valued at $1,464,000 after purchasing an additional 410 shares during the period. MQS Management LLC bought a new stake in Texas Instruments during the 3rd quarter valued at $281,000. Simmons Bank lifted its holdings in shares of Texas Instruments by 0.9% in the 3rd quarter. Simmons Bank now owns 33,498 shares of the semiconductor company’s stock worth $6,920,000 after buying an additional 304 shares during the period. Chase Investment Counsel Corp increased its stake in shares of Texas Instruments by 5.3% during the third quarter. Chase Investment Counsel Corp now owns 2,862 shares of the semiconductor company’s stock valued at $591,000 after buying an additional 145 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in shares of Texas Instruments by 10.3% during the third quarter. Aptus Capital Advisors LLC now owns 7,681 shares of the semiconductor company’s stock valued at $1,587,000 after buying an additional 717 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Susquehanna dropped their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Evercore ISI lifted their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Mizuho set a $200.00 price target on Texas Instruments in a report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $206.95.

Insider Buying and Selling

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,548 shares of company stock worth $5,341,235. 0.68% of the stock is owned by company insiders.

Texas Instruments Trading Down 3.3 %

NASDAQ TXN opened at $205.72 on Thursday. Texas Instruments Incorporated has a 12-month low of $148.91 and a 12-month high of $220.38. The company has a fifty day simple moving average of $204.20 and a two-hundred day simple moving average of $199.21. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a market cap of $187.66 billion, a P/E ratio of 38.24, a P/E/G ratio of 4.65 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company 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 firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. On average, analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.64%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is currently 101.12%.

Texas Instruments Company 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.