Community Bank N.A. Buys 136 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Community Bank N.A. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 26,956 shares of the semiconductor company’s stock after purchasing an additional 136 shares during the period. Community Bank N.A.’s holdings in Texas Instruments were worth $4,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Texas Instruments in the 4th quarter valued at about $2,584,490,000. GAMMA Investing LLC raised its position in Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Texas Instruments by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after purchasing an additional 2,237,035 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Texas Instruments by 15.4% in the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $295,665,000. 84.99% of the stock is owned by institutional investors.

Texas Instruments Stock Down 0.8%

Shares of Texas Instruments stock opened at $197.69 on Wednesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock has a market cap of $179.60 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 3.24 and a beta of 1.00. The firm’s 50-day moving average is $174.54 and its two-hundred day moving average is $182.01.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company posted $1.10 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. Texas Instruments’s payout ratio is 103.23%.

Analyst Ratings Changes

A number of analysts recently issued reports on TXN shares. UBS Group lowered their price target on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a research note on Friday, April 25th. Stifel Nicolaus dropped their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Finally, Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $190.55.

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.