Cutler Investment Counsel LLC Has $13.14 Million Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cutler Investment Counsel LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,598 shares of the semiconductor company’s stock after selling 1,931 shares during the quarter. Texas Instruments accounts for approximately 1.7% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 21st biggest holding. Cutler Investment Counsel LLC’s holdings in Texas Instruments were worth $13,137,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TXN. Tsfg LLC raised its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Texas Instruments during the 3rd quarter valued at $39,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the 3rd quarter valued at approximately $43,000. Friedenthal Financial bought a new stake in Texas Instruments in the second quarter valued at $50,000. Finally, Beacon Capital Management LLC grew its holdings in shares of Texas Instruments by 42.1% during the 1st quarter. Beacon Capital Management LLC now owns 331 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 98 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Insider Activity

In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The trade was a 10.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded down $4.88 during trading on Friday, hitting $201.12. 5,970,371 shares of the company were exchanged, compared to its average volume of 5,504,648. The company has a market cap of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments Incorporated has a 1 year low of $150.81 and a 1 year high of $220.38. The firm’s fifty day moving average price is $204.39 and its 200 day moving average price is $199.46.

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

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.70%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analyst Ratings Changes

TXN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. KeyCorp raised their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $206.95.

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.