Colonial Trust Co SC Has $4 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Colonial Trust Co SC grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,353 shares of the semiconductor company’s stock after purchasing an additional 375 shares during the quarter. Colonial Trust Co SC’s holdings in Texas Instruments were worth $4,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank boosted its position in Texas Instruments by 13.7% during the fourth quarter. Bangor Savings Bank now owns 812 shares of the semiconductor company’s stock valued at $152,000 after buying an additional 98 shares during the period. Worth Asset Management LLC boosted its stake in shares of Texas Instruments by 14.5% during the 4th quarter. Worth Asset Management LLC now owns 4,936 shares of the semiconductor company’s stock valued at $926,000 after purchasing an additional 626 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in Texas Instruments by 6.5% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,947 shares of the semiconductor company’s stock worth $365,000 after buying an additional 118 shares during the period. Farmers Trust Co. raised its position in shares of Texas Instruments by 18.0% in the 4th quarter. Farmers Trust Co. now owns 1,718 shares of the semiconductor company’s stock worth $322,000 after acquiring an additional 262 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in shares of Texas Instruments by 7.5% during the 4th quarter. First Hawaiian Bank now owns 6,782 shares of the semiconductor company’s stock valued at $1,272,000 after buying an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Securities restated a “hold” rating and set a $160.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. 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 report on Friday, April 25th. Summit Insights downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Argus raised Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $189.41.

Texas Instruments Price Performance

Shares of TXN stock opened at $161.09 on Wednesday. The stock’s 50-day simple moving average is $168.95 and its 200-day simple moving average is $185.72. The firm has a market capitalization of $146.35 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Texas Instruments’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is owned by corporate insiders.

About Texas Instruments

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.