Canandaigua National Corp decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 35,350 shares of the semiconductor company’s stock after selling 649 shares during the period. Texas Instruments comprises 1.1% of Canandaigua National Corp’s portfolio, making the stock its 18th biggest position. Canandaigua National Corp’s holdings in Texas Instruments were worth $6,681,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Icon Advisers Inc. Co. increased its position in shares of Texas Instruments by 141.1% during the 4th quarter. Icon Advisers Inc. Co. now owns 13,500 shares of the semiconductor company’s stock worth $2,216,000 after purchasing an additional 7,900 shares during the last quarter. Steel Peak Wealth Management LLC increased its holdings in shares of Texas Instruments by 4.2% during the 4th quarter. Steel Peak Wealth Management LLC now owns 61,805 shares of the semiconductor company’s stock worth $10,144,000 after acquiring an additional 2,514 shares during the last quarter. City Holding Co. increased its holdings in shares of Texas Instruments by 17.8% during the 4th quarter. City Holding Co. now owns 20,027 shares of the semiconductor company’s stock worth $3,287,000 after acquiring an additional 3,033 shares during the last quarter. FormulaFolio Investments LLC increased its holdings in shares of Texas Instruments by 563.1% during the 4th quarter. FormulaFolio Investments LLC now owns 11,093 shares of the semiconductor company’s stock worth $1,821,000 after acquiring an additional 9,420 shares during the last quarter. Finally, Stokes Capital Advisors LLC boosted its stake in Texas Instruments by 1.1% in the 4th quarter. Stokes Capital Advisors LLC now owns 30,233 shares of the semiconductor company’s stock valued at $4,962,000 after purchasing an additional 337 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Mark A. Blinn sold 4,703 shares of the firm’s stock in a transaction that occurred on Thursday, January 28th. The stock was sold at an average price of $165.25, for a total value of $777,170.75. Following the transaction, the director now owns 12,491 shares in the company, valued at $2,064,137.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Haren Julie Van sold 23,733 shares of the firm’s stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $169.73, for a total value of $4,028,202.09. Following the completion of the transaction, the vice president now owns 23,781 shares in the company, valued at approximately $4,036,349.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 544,325 shares of company stock worth $92,809,465. Corporate insiders own 0.73% of the company’s stock.
NASDAQ:TXN traded up $0.93 on Thursday, hitting $194.02. The stock had a trading volume of 59,679 shares, compared to its average volume of 4,875,596. The business’s fifty day moving average is $178.13 and its 200 day moving average is $163.90. The company has a market cap of $178.54 billion, a PE ratio of 36.50, a P/E/G ratio of 3.10 and a beta of 1.06. The company has a quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 52 week low of $105.30 and a 52 week high of $197.58.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 25th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.30. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 8th. Shareholders of record on Monday, February 1st were issued a $1.02 dividend. The ex-dividend date was Friday, January 29th. This represents a $4.08 annualized dividend and a yield of 2.10%. Texas Instruments’s payout ratio is currently 77.86%.
TXN has been the subject of a number of recent research reports. The Goldman Sachs Group upped their target price on Texas Instruments from $162.00 to $171.00 and gave the stock a “sell” rating in a report on Monday, December 14th. Rosenblatt Securities upped their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, January 27th. Mizuho upped their target price on Texas Instruments from $162.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, January 27th. Longbow Research raised Texas Instruments from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, March 29th. Finally, Royal Bank of Canada upped their target price on Texas Instruments from $155.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 27th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $169.64.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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